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Important Reminder on Trading Rules
Prohibited Transaction – No Change in Beneficial Owner
(“NCBO”) Trades
A
person or persons associated with each other who conducts NCBO trades (i.e.
same person has an interest before and after the transaction), whether between
accounts held within a stockbroking company or between accounts held in
different stockbroking companies, commits an offence and shall be punished on
conviction to imprisonment for a term not exceeding 10 years and to a fine not
less than one million ringgit under the Capital Markets and Services Act 2007
(“CMSA 2007”). Examples of persons associated include spouse, any employee or
partner of the person, a director or secretary of a body corporate etc.
Should
you have any queries, please contact your dealer’s representative.
Yours
sincerely,
CIMB Investment Bank
Berhad (18417-M)
(A Participating
Organisation of Bursa Malaysia Securities Berhad)
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