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insider

33(as defined in section 118B of the Act) a person who has inside information:

  1. (a) as a result of his membership of the administrative, management or supervisory bodies of an issuer of qualifying investments;
  2. (b) as a result of his holding in the capital of an issuer of qualifying investments;
  3. (c) as a result of having access to the information through the exercise of his employment, profession or duties;
  4. (d) as a result of his criminal activities; or
  5. (e) which he has obtained by other means and which he knows, or could reasonably be expected to know, is inside information.