Under the model code, there is a close period in which directors and senior employees must not trade in shares for two months before the announcement of annual results.\u00a0 The close period in respect of the half yearly results is the period from the end of the financial period to publication and one month before quarterly reports, if the company reports quarterly.<\/p>\n
Whenever a director or senior employee proposes to trade in shares, he must notify and get the consent of the chairman of the company to the proposed dealing.\u00a0 If the chairman proposes the deal, the consent must be of the chief executive of some other director.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Scope The Irish legislation on insider trading is contained in the Companies Acts.\u00a0 It is supplemented by EU legislation on market abuse and transparency. Dealing applies to dealing of all descriptions, whether as agent or principle. It applies to the purchase or sale of shares, underwriting or making or attempting to induce a person to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[133],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10077"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10077"}],"version-history":[{"count":4,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10077\/revisions"}],"predecessor-version":[{"id":32577,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10077\/revisions\/32577"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}