Singapore Exchange launches guidebook to curb insider trading

SINGAPORE (Dec 5): The Singapore Exchange has launched a guidebook titled "Handling of Confidential Information and Dealings in Securities: Principles of Best Practice" to help listed companies prevent insider trading.

The guidebook articulates broad measures such as having in place clear written policies and procedures on the handling of confidential information and restriction on dealings in securities as well as the restricted dissemination and sharing of confidential information so as to reduce chances of leakage.

There are also specific suggestions as well. When engaging in potential price-sensitive transactions, companies should adopt appropriate code names for transactions to conceal the nature of the transaction and the parties involved.

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