personal account transaction
a transaction for the account of an employee of a firm, or his associate, in a designated investment, other than:
- (a) a transaction in a government and public security; or
- (b) a transaction in a life policy; or
- (c) a transaction in a unit in a regulated collective investment scheme; or
- (d) a discretionary transaction if there is no prior communication with the employee and the discretion is not exercised by the firm. 5