RE: Clarus
Just to clarify
The Ontario Securities Act requires insiders who own securities
of a listed company to file an initial report with the Ontario
Securities Commission upon becoming insiders and to report
all trades made in the securities of the company of which they
are insiders within ten days after a trade is made.
In addition, Section 76 of the Ontario Securities Act prohibits
any person or company in a “special relationship” with a listed
company from trading on the basis of undisclosed material
information on the affairs of that company. Those considered
to be in a “special relationship” with a listed company include
those who are insiders, affiliates or associates of the listed company,
a person or company proposing to make a take-over
bid of the listed company, and a person or company proposing
to become a party to a reorganization, amalgamation, merger
or similar business arrangement with the listed company.
https://www.tsx.com/en/pdf/PolicyStatementOnTimelyDisclosure.pdf
If you are bored and want to read go to the above.