Each employee in a Clearing Agency and every Member of the Board of Directors of a Clearing Agency is obliged to keep the confidentiality of the data and inside information that they gain sight of by virtue of their position or through their professional or personal relations, and they are not allowed to reveal such, or give advice on the basis thereof to another non-insider. They shall not sell, purchase or subscribe in listed Securities or those Securities that are under a Listing Application unless under the circumstance and conditions stipulated in Article (2-3-6) of this Module.