Older Persons Act, 2006
R 385
Insider Trading Act, 1998 (Act No. 135 of 1998)14. Confidentiality and sharing of surveillance information |
| 1) | No person shall, except for the purposes of performing his or her functions in terms of this Act or for the purpose of any legal proceedings under this Act or when required to do so by a court or any other law, disclose to any other person any information acquired by him or her in the performance of his or her functions under this Act. |
| 2) | Any person who contravenes the provisions of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine or to imprisonment for a period not exceeding two years or to both a fine and such imprisonment. |
| 3) | Notwithstanding any provision to the contrary, the institutions which have nominated persons to the Directorate, the Securities Regulation Panel and the South African Reserve Bank shall be entitled to share information concerning insider trading, market practices and abuses with each other and with the persons whether inside the Republic or elsewhere responsible for prosecuting such abuses so as to assist them in fulfilling their regulatory and statutory responsibilities. |
