Disclosure, materiality & market conduct · Core

Insider-trading policy

Also called: securities dealing policy

ELI5

A policy governing trading and handling of material non-public information.

Used in conversation

“Do not describe insider-trading policy as agreed until the operative document says so.”

Pitch context

You will see “Insider-trading policy” in annual reports, earnings decks, filings and investor presentations when the discussion reaches disclosure, materiality & market conduct.

Why it matters: In disclosure, materiality & market conduct, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.