• MKT 3.7 MKT 3.7 Disclosure of notifiable interests

    • Guidance

      Persons with a notifiable interest in the Reporting Entity or Listed Fund are required to give a notice relating to that interest in accordance with the requirements prescribed in these Rules.

    • Application

      • MKT 3.7.1 MKT 3.7.1

        This section applies to every member of the Governing Body of a Listed Fund.

        • Guidance

          In the case of a Listed Fund, the Reporting Entity is the Fund Manager. However, as the Governing Body of a Listed Fund may include other persons who exercise powers similar to those that are exercised by Directors of the Fund Manager, the obligations relating to disclosure of notifiable interests extend, in the case of a Listed Fund, to members of its Governing Body.

    • Definition of a notifiable interest

      • MKT 3.7.2

        A member of the Governing Body of a Listed Fund has a notifiable interest in the Listed Fund if that person has any interest arising through:

        (1) the direct or indirect ownership of, or beneficial ownership of, Units of the Listed Fund; or
        (2) any involvement in financial or commercial arrangement with or relating to the Listed Fund.

    • Content and procedures relating to the notice

      • MKT 3.7.3

        (1) A notice relating to a notifiable interest must, subject only to (2), be given by a Person referred to in Rule 3.7.2 to the other members of the Governing Body within five Business Days of the notifiable interest arising or changing.
        (2) A Person referred to in (1) need not give a notice relating to a notifiable interest if the notifiable interest is required to be included in a report that Person must provide by virtue of being a Connected Person under section 3.6 and the Person has complied with the requirement in that section.
        (3) A notice relating to a notifiable interest must contain:
        (a) the name and address of the Person giving the notice;
        (b) if the notifiable interest relates to a Listed Fund, the name and registered address of the Listed Fund; and
        (c) the details relating to the notifiable interest, including the date on which the notifiable interest arose or changed.