Entire Section

  • MKT 4.4 MKT 4.4 Disclosure of Directors' Material Interests

    • MKT 4.4 Guidance

      Article 43 of the Law requires Persons with a material interest in the Reporting Entity to give a notice relating to that interest in accordance with the requirements prescribed in the Rules.

      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

    • Application

      • MKT 4.4.1 MKT 4.4.1

        This section applies to every Reporting Entity other than that of a Listed Fund.

        Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

        • MKT 4.4.1 Guidance

          Chapter 6 contains the disclosure of material interest applicable to Listed Fund.

          Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

    • Definition of a Material Interest

      • MKT 4.4.2

        A Director of a Reporting Entity has a material interest in the Reporting Entity if that Person has any interest arising through:

        (a) the direct or indirect ownership of, or beneficial ownership of, Investments in the Reporting Entity; or
        (b) any involvement in financial or commercial arrangement with or relating to the Reporting Entity.
        Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

    • Content and Procedures Relating to the Notice

      • MKT 4.4.3

        (1) Subject to (2), a notice relating to a material interest must be given by a Person referred to in Rule 4.4.2, to the other Directors of the Reporting Entity within 5 business days of the material interest arising or changing.
        (2) A Person referred to in (1) need not give a notice relating to a material interest if the material interest is required to be included in a report which that Person must provide by virtue of being a Connected Person under section 4.3 and the Person has complied with the requirement mentioned in that section.
        (3) A notice relating to a material interest must contain:
        (a) the name and address of the Person giving the notice; and
        (b) the details relating to the material interest, including the date on which the material interest arose or changed.
        Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

    • Market Disclosure

      • MKT 4.4.4

        Upon receiving a notice relating to a material interest, the Reporting Entity must, as soon as possible, make market disclosure of that report in accordance with Rule 4.7.1.

        Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]