The insider reporting requirement does not apply to a reporting insider if
(a) the reporting insider is a subsidiary or other affiliate of another reporting insider (the affiliated reporting insider); and
(b) the affiliated reporting insider has filed an insider report in respect of the reporting issuer that discloses substantially the same information as would be contained in an insider report filed by the reporting insider, including details of the reporting insider’s
(i) beneficial ownership of, or control or direction over, whether direct or indirect, securities of the reporting issuer; and
(ii) interest in, or right or obligation associated with, any related financial instrument involving a security of the reporting issuer.