Legitimate Purpose definition

Legitimate Purpose means sharing of UPSI in the ordinary course of business or on a need-to-know basis. The Company may share the UPSI if required in the interest of the Company.
Legitimate Purpose means Sharing of unpublished price sensitive information in the course of business by an insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals, other advisors or consultants provided that such sharing has not been carried out to evade or circumvent the prohibitions of the Regulations.
Legitimate Purpose means and includes sharing of UPSI with any internal / external stakeholders in the course of business and as further set out in the Code;

Examples of Legitimate Purpose in a sentence

  • Any person in receipt of Unpublished Price Sensitive Information pursuant to Legitimate Purpose shall be considered an insider for the purpose of this Code and due notice shall be given to such persons to maintain confidentiality of Unpublished Price Sensitive Information in compliance with the Regulations.

  • Any Unpublished Price Sensitive Information should be disclosed only for the furtherance of a Legitimate Purpose as per the policy approved by the Board, to discharge their duties and legal obligations and whose possession of such information will not give rise to a conflict of interest or misuse of information.

  • The Customer must only use the Products for a Legitimate Purpose.

  • Employees in the inside areas shall not be allowed to communicate any UPSI to anyone in the public areas, except as may be required on a need-to-know basis, performance of duties or discharge of legal obligations or for Legitimate Purpose in accordance with the Code and the Regulations.

  • Republic Act No. 10173, known as the Data Privacy Act of 2012, requires government and private sector entities to apply the principles of Transparency, Legitimate Purpose and Proportionality in their processing of personal data so that the data is only used in relevant and specifically stated ways, is not stored for longer than necessary, is kept safe and secure, is used only within the confines of the law and is stored following people’s data protection rights.


More Definitions of Legitimate Purpose

Legitimate Purpose means sharing of UPSI in the ordinary course of business or on a need-to know basis. The Company may share the UPSI if required in the interest of the Company. Legitimate Purpose shall interalia include sharing of UPSI on need to know basis by an insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of the Regulations. (Regulation 3(2A) and 3(2B)).
Legitimate Purpose means sharing of UPSI in the ordinary course of business by an Insider with the following, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations:
Legitimate Purpose means sharing of UPSI in the ordinary course of business by an Insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations.
Legitimate Purpose means use for research and experimental purposes which do not include ingestion by, injection into, administration or application to human subjects, or animals except in accordance with approved ethical research protocols and all relevant local and international laws, regulations, standards and rules; (ii) all liability to the Customer in contract for consequential or indirect damages including, without limitation, lost profits and damages suffered as a result of claims by any third person;(iii) all liability to the Customer in connection with the Customer's use of GroPep's intellectual property rights; and(iv) all liability to the Customer in negligence for acts or omissions of GroPep and its employees, agents and contractors arising out of and in connection with these Conditions.(d) GroPep's liability to the Customer for breach of any express provision of these Conditions or any Non Excludable Condition is limited at GroPep's option to one of supplying, replacing or repairing the goods or supplying again those services in respect of which the breach occurred.(e) On written request by the Customer, GroPep will refund any amount paid by the Customer for
Legitimate Purpose means sharing of UPSI in the ordinary course of business or on a need-to-know basis. The Bank shall share the UPSI if required in the interest of the Bank.
Legitimate Purpose means sharing of UPSI in the ordinary course of business or on a need-to-know basis.
Legitimate Purpose means communicating, providing, sharing or allowing access to UPSI in the ordinary course of business or on a need-to-know basis, provided that such sharing has not been carried out to evade or circumvent the prohibitions of SEBI PIT Regulations.