Entire Section
Disregarded Holdings
AMI 8.1.3
For the purposes of determining whether a
Person is aController , shares, voting rights or rights to acquire shares or voting rights that aPerson holds, either alone or with anAssociate , in anAuthorised Market Institution or aHolding Company of that institution are disregarded if:(a) the shares are held for the sole purpose of clearing and settling within a short settlement cycle;(b) the shares are held in a custodial or nominee capacity and the voting rights attached to the shares are exercised only in accordance with written instructions given to thatPerson by anotherPerson ; or(c) thePerson is anAuthorised Firm or aRegulated Financial Institution and it:(i) acquires a holding of shares as a result of an underwriting of a share issue or a placement of shares on a firm commitment basis;(ii) does not exercise the voting rights attaching to the shares or otherwise intervene in the management of the issuer; and(iii) retains the holding for a period less than one year.Derived from RM118/2013 [VER15/07-13]