SECTION 135-1 — Insider Trading

Whoever being: a) a commercial or industrial company manager, or a natural person, who by reason of their duties or professions, has insider information on the situation or prospects of the issuer of stocks and shares whose transferrable securities are on the market, performs or knowingly helps to perform either directly or indirectly, transactions before public disclosure of such information, with the objective of obtaining an undue profit; b) a natural person who, in the course of his duties or profession, has access to privileged information on the situation or prospects of the issuer of stocks and shares whose transferrable securities are on the market, and who beyond the scope of his ordinary duties of profession, transmits the information to a third party with a view to obtaining an undue profit; c) natural person, in the exercise of his profession or duties, possesses privileged information that is considered confidential, relating to the implementation of a project by the State, regional and local authority or any other public corporate body, uses the information to his advantage or that of a third party so as to delay the envisioned project or to include additional costs; shall be punished with imprisonment for from 6 (six) months to 2 (two) years and with fine of from CFAF 1 000 000 (one million) to CFAF 10 000 000 (ten million); j) The punishment shall be doubled where the offender is a civil servant or a public employee as defined by this Code