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All directors of corporations traded on any market ( regulated markets and non-regulated markets ) should establish and comply with inside protocols to manage share dealings. For instance, listed firm administrators must adjust to the Model Code set out in the Annex to LR9. Such rules provide that no administrators (or employees with entry to inside info) could deal in shares without first obtaining clearance from a designated director, and clearance to deal should not be given during a period the place there exists any matter which constitutes inside information in relation to the corporate, nor when the company is in a ‘shut interval’ 16 , broadly speaking, protecting its 12 months finish and outcomes announcements (together with half yearly and quarterly bulletins).