Model Code

Model Code
Part of the Yellow Book. A series of rules regulating when directors and relevant employees of listed and AIM companies are permitted to deal in the shares and related derivatives of the company of which they are employees. The purpose of the rules is to ensure that the public perceive that such directors and employees do not abuse their position in the company. The rules generally state that directors and relevant employees may not deal in the shares before a price sensitive announcement or in the 'close period', which usually constitutes the two months prior to the release of interim and final results. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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