Maintain insider trading policy + share trading window (listed entities)
ASX Listing Rule 12.12 requires written policy on directors + senior managers trading entity securities.
Who must comply
ASX-listed entities + their KMP.
What triggers it
Being listed.
When due
Continuous; trading windows enforced around price-sensitive announcements.
Evidence required
Published policy; trading window register; clearance approvals.
Max penalty
Insider trading criminal up to 15 years prison + 3× benefit; civil to financial-services max
Summary
ASX Listing Rule 12.12 requires listed entities to publish a written share trading policy covering directors + key management personnel. Must specify trading windows, blackout periods around results announcements, requirements for clearance, and prohibition of trading on inside information (Corporations Act s 1043A).
Enforced by
Source legislation
Entity types
Topics
Source: https://asx.com.au/listings/listing-rules-guidance. Rules Mate is not a law firm. Always verify against the live regulator source before acting.