The Companies (Northern Ireland) Order 1989

Information obtained in official capacity: public bodies, etc.

28.  In Article 11 of the Insider Dealing Order (abuse of information obtained by Crown servants in official capacity)—

(a) for “Crown” wherever it occurs there shall be substituted “public”;

(b) at the end of paragraph (3) there shall be inserted—

“(4) “Public servant” means—

(a) a Crown servant;

(b) a member, officer or servant of a designated agency, competent authority or transferee body (within the meaning of the Financial Services Act 1986);

(c) an officer or servant of a recognised self-regulating organisation, recognised investment exchange or recognised clearing house (within the meaning of that Act);

(d) any person declared by an order under paragraph (5) to be a public servant for the purposes of this Article.

(5) If it appears to the Department that the members, officers or employees of or persons otherwise connected with any body appearing to the Department to exercise public functions may have access to unpublished price sensitive information relating to securities, the Department may, by order subject to affirmative resolution, declare that those persons are to be public servants for the purposes of this Article.”.