Section 153
An individual has information as an insider if and only if—
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 152 of 201
Section 153
(a)
it is, and he knows it is, inside information; and
(b)
he has it, and knows that he has it, from an inside source, that is to say—
(i)
by virtue of being a director, employee or shareholder of an issuer of securities;
Labuan Financial Services and Securities 149
(ii)
by virtue of having access to the information through his employment, office or profession;
or
(iii)
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).