The insider trading provisions state that it is a crime for a "well-informed" person with "inside information" concerning a securities transaction to buy or sell securities before the information is released to the public. Inside information is defined as "information that will have a major impact on the price of the securities if released to the public". The insider trading prohibition also makes it a crime for a party that obtains inside information through unlawful means to buy or sell securities before the information is made public. Trading securities on inside information is subject to imprisonment of up to five years or between five years and 10 years in "exceptionally serious" cases. The law further provides that if members of a department, division, or work unit engage in insider trading, the unit is subject to a monetary fine, and the management personnel of the unit, in addition to the other directly responsible parties, are subject to imprisonment and monetary fines.
