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).