AMI 8.1.3

For the purposes of determining whether a Person is a Controller, shares, voting rights or rights to acquire shares or voting rights that a Person holds, either alone or with an Associate, in an Authorised Market Institution or a Holding 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 that Person by another Person; or
(c) the Person is an Authorised Firm or a Regulated 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]