(1) For the purposes of this Part, an individual has information as an insider if—
(a) it is inside information, and that individual knows that it is inside information; and
(b) that individual has the information, and knows that he or she has the information, from an inside source.
(2) For the purposes of subsection (1), an individual has information from an inside source if—
(a) the individual has it through—
(i) being a director, employee or shareholder of an issuer of securities, or
(ii) having access to the information by virtue of that individual's employment, office or profession; or
(b) the direct or indirect source of the individual's information is a person referred to in paragraph (a).