Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Prior written approval from the compliance officer, required before a designated person transacts above a value threshold set in the company’s own code.
You cannot act on the day you decide, and under the model code an unused approval lapses after seven trading days. The workable answer is to batch intended trades into one request at the start of an open window.
An individual named in a listed company’s insider trading code as subject to the trading window, pre-clearance and disclosure requirements.
Not only senior management — finance, legal, secretarial, investor relations and immediate relatives are routinely covered. Plenty of people discover they were designated when a routine transaction triggers a compliance query.