If you are an information insider of a listed issuer, you must not do things listed in sections 241(1), 242(1), and 243(1). You have a special role and must follow these rules. This helps keep things fair for everyone.

If you are an information insider for quoted derivatives, you must not do things listed in sections 241(2), 242(2), and 243(2). You need to be careful what you do with this information. This is an important part of being an information insider.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091309.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading

239: Territorial scope, or

"Rules for financial products apply everywhere, not just in New Zealand"

241: Information insider must not trade, or

"Insiders can't buy or sell company shares if they know secret information"

Part 5Dealing in financial products on markets
Insider trading: Insider conduct prohibited

240Prohibition on insider conduct

A person must not do any of the things set out in any of sections 241(1), 242(1), and 243(1) if the person is an information insider of the listed issuer.
A person must not do any of the things set out in any of sections 241(2), 242(2), and 243(2) if the person is an information insider in relation to quoted derivatives.

Compare

1988 No 234 s 8