Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IX
153. Information as an insider
Feedback & supportAn individual has information as an insider if and only if—
it is, and he knows it is, inside information; and
he has it, and knows that he has it, from an inside source, that is to say—
by virtue of being a director, employee or shareholder of an issuer of securities;
director
“director”, in relation to a person specified in the first column of the First Schedule, has the meaning set out in the second column of the First Schedule as against such person;
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by virtue of having access to the information through his employment, office or profession;
or
by virtue of the direct or indirect source of his information being a person who has it in either of the ways set out in subparagraph (i) or (ii).