147.2(1)In this section and section 147.3, “material order information” means information that relates to any of the following and that, if disclosed, would reasonably be expected to affect the market price of the security:
(a)
the intention of a person responsible for making decisions about an investment portfolio to trade a security on behalf of the investment portfolio;
(b)
the intention of a registrant trading in securities on behalf of an investment portfolio to trade a security on behalf of the investment portfolio; or
(c)
an unexecuted order, or the intention of any person to place an order, to trade a security.
147.2(2)A person with knowledge of material order information shall not, and shall not recommend or encourage another person to,
(a)
subscribe to, purchase or trade in the securities to which the material order information relates,
(b)
acquire, dispose of, or exercise a put or call option or other right or obligation to purchase or trade in the securities,
(c)
enter into a related financial instrument or acquire or dispose of rights or obligations under a related financial instrument, or
(d)
change the person’s
(i)
direct or indirect beneficial ownership of, or control or direction over,
(A)
the securities, or
(B)
a put or call option or other right or obligation to purchase or trade in the securities, or
(ii)
interest in, or rights or obligations associated with, a related financial instrument.
147.2(3)No person with knowledge of material order information shall inform another person of the material order information unless it is necessary in the course of the person’s business.