Canadian regulator addresses derivatives-based insider trading
Save this article
Print this page
The Canadian regulator published the proposed instrument late last week. If implemented, it would require insiders to disclose derivatives-based transactions such as equity monetisations. An OSC spokesman told RiskNews that the regulator decided to act because it is “concerned” by anecdotal evidence about the narrow way that some insiders interpret current regulations.
By explicitly addressing derivatives transactions – particularly equity monetisations where insiders sell shares and immediat
To continue reading...
Start a Risk.net Trial
Register for a Risk.net Business trial to access this article. Sign up today and get access to: