Document ID: chunk:federal_register_of_legislation:C2022C00216:clause:2_18
Version: federal_register_of_legislation:C2022C00216
Segment Type: clause
Provision Reference: sch 2 cl 18
Character Range: 50826–51595

18  At the end of section 677
Add:
 (2) For the purposes of sections 674A and 675A:
 (a) an entity knows information would have a material effect on the price or value of ED securities of the entity if the entity knows the information would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of the ED securities; and
 (b) an entity is reckless or negligent with respect to whether information would have a material effect on the price or value of ED securities of the entity if the entity is reckless or negligent with respect to whether the information would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of the ED securities.