Regulatory Alerts2020-01-01
Code of Conduct for Prevention of Insider Trading
The Reserve Bank of Fiji issued Policy Statement No. 10 to mandate capital market intermediaries and listed companies to establish codes of conduct prohibiting insider trading under the Capital Markets Decree 2009. The policy requires boards to appoint compliance officers, implement internal pre-clearance procedures for trades, and enforce strict disclosure obligations for directors and designated employees regarding their shareholdings. Oversight is shared between the South Pacific Stock Exchange and the Reserve Bank, which retains the authority to impose fines and sanctions for non-compliance with these market integrity standards.
Share