Amendments to Part 6 of the Act: transparency rulesI1I22

1

In section 89A of the Act5 (transparency rules)—

a

in subsection (3) omit paragraph (b);

b

in subsection (4)(b) omit “, or treated by virtue of subsection (3)(b) as held,”.

2

In section 89C of the Act6 (provision of information by issuers of transferable securities), in subsection (2)—

a

at the end of paragraph (aa) insert “and”;

b

omit “and” at the end of paragraph (b);

c

omit paragraph (c).

3

Omit section 89E of the Act7 (notification of proposed amendment of issuer’s constitution).

4

In section 89F of the Act8 (transparency rules: interpretation etc.)—

a

in subsection (1)—

i

at the end of paragraph (a) insert “and”;

ii

in paragraph (b) for sub-paragraph (iii) substitute—

iii

if he holds, directly or indirectly, a financial instrument which satisfies the conditions set out in Article 13(1)(a) or (b) of the transparency obligations directive9.

iii

omit “and” at the end of paragraph (b);

iv

omit paragraph (c);

b

omit subsection (2);

c

in subsection (4) omit the definitions of “Article 13 instrument” and “financial instrument”.

5

In section 89J of the Act10 (power to call for information: supplementary provisions) in subsection (3), in the definition of “voteholder”, omit paragraph (b) (and the “or” before it).