Chinese Wall definition

Chinese Wall means a barrier especially to the passage of information or communication.

Chinese Wall means the limit up to which information may be revealed by an Insider in furtherance of the Insider’s legitimate purposes, performance of duties or discharge of his legal obligations.

Chinese Wall means an information barrier of the Designated Person that safeguards and handle the un-published price sensitive information within the organisation on need to know basis and prevents any communication except in furtherance of legitimate purpose, performance of duties or discharge of legal obligations. .

Examples of Chinese Wall in a sentence

• In the limited instances that such board service is authorized, Investment Personnel will be isolated from those making investment decisions affecting transactions in Securities issued by any publicly traded company on whose board such Investment Personnel serves as a director through the use of "Chinese Wall" or other procedures designed to address the potential conflicts of interest.

• In the relatively small number of instances in which board service is authorized, MFS representatives serving as directors may be isolated from other MFS representatives through "Chinese Wall" or other appropriate procedures.

• Please refer to Section Three, "Restrictions on The Flow of Information Within Mellon" (The "Chinese Wall").

• This authorization will rarely, if ever, be granted and, if granted, will normally require that the affected Access Person be isolated through "Chinese Wall" or other procedures from those making investment decisions related to the issuer on whose board the Access Person sits.

• The NASD/NYSE Joint Memorandum on Chinese Wall Policies and Procedures (NASD Notice to Members 91-45) provides that firms that do not conduct investment banking research or arbitrage activities still must have “reasonable procedures for the education and training of its associates about insider trading” in order to be in compliance with ITSFEA.

More Definitions of Chinese Wall

Chinese Wall means all information shall be handled within the organization on a need to know basis and no UPSI shall be communicated to any person except in furtherance of the insider‘s legitimate purposes, performance of duties or discharge of his legal obligations.

Chinese Wall means policies, procedures and physical arrangements designed to manage and safeguard UPSI and prevent inadvertent transmission or communication thereof;

Chinese Wall means the legal barrier that prevents information originating in the pension fund arm of a financial group to be used by other financial institutions of the same group to avoid the use of inside information;

Chinese Wall means an organizational structure that satisfies each of the following conditions:

Chinese Wall means an arrangement which requires information obtained by a financial institution in the course of carrying on one part of its business to be withheld in certain circumstances from those with whom it deals in the course of carrying on another part of its business.

Chinese Wall means an arrangement within the organisation of a licensed person or between a licensed person and any associate of that licensed person, which requires information obtained by the licensed person or, as the case may be, associate, in the course of carrying on one part of its business of any kind to be withheld in certain circumstances from persons with whom it deals in the course of carrying on another part of its business of any kind;

Chinese Wall means reasonably effective procedures established and maintained by a Person (the “First Party”) to ensure that employees or other agents (other than any third party advisor that has a professional obligation of confidentiality with respect to the First Party (provided that such First Party shall enforce such professional obligations against such third party advisor in the event of any breach thereof)) of another Person (the “Second Party”), or any Affiliate or Related Fund of the Second Party (other than the First Party), do not gain access to, or are not furnished with, confidential information of, or competitively sensitive information relating to, NGR Management and its Subsidiaries that is in the possession of the First Party.