With regard to investor protection, explain the meaning of inside information.

This is information which:
• Relates to particular securities or a particular issuer of securities and not to securities generally or to issue of securities generally.
• Is specific or precise
• Has not been made public
• If it was made public would be likely to have a significant effect on the price of any securities.

• The information is known to directors or servants of the company, public servants employees of regulators or other persons who had some relation with the company.

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