Regulation 24 Prohibition on the disclosure of inside information
A person to whom this paragraph applies as a result of paragraph (3) or (4) is prohibited from disclosing that information to any other person, unless the disclosure is made in the normal course of the exercise of their employment, profession or duties.
Where a person (“A”) discloses a recommendation or inducement referred to in regulation 22(1)(b), which A knows or ought to know to have been based on inside information, the onward disclosure of that recommendation or inducement is prohibited, unless the disclosure is made in the normal course of the exercise of their employment, profession or duties.
Paragraph (1) applies to a person who possesses inside information as a result of—
exercising administrative, management or supervisory functions of a relevant person;
having a holding in the capital of—
a relevant issuer of that relevant qualifying cryptoasset or related instrument,
a person responsible for the offer of that relevant qualifying cryptoasset or related instrument, or
a person who applied for or is seeking admission to trading on a qualifying cryptoasset trading platform for that relevant qualifying cryptoasset,
having access to the information through the exercise of their employment, profession or duties, or
having acquired the information through criminal activity.
Paragraph (1) also applies to a person, other than one within paragraph (3), who knows, or ought to have known, that the information is inside information.