• MKT 7.4 MKT 7.4 Disclosure of Directors' notifiable interests

    • Guidance

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

    • Application

      • MKT 7.4.1 MKT 7.4.1

        This section applies to every Reporting Entity other than that of a Listed Fund.

        • Guidance

          Chapter 3 contains the disclosure of notifiable interest applicable to a Listed Fund.

    • Definition of a notifiable interest

      • MKT 7.4.2

        A Director of a Reporting Entity has a notifiable interest in the Reporting Entity if that person has any interest arising through:

        (1) the direct or indirect ownership of, or beneficial ownership of, investments in the Reporting Entity; or
        (2) any involvement in financial or commercial arrangement with or relating to the Reporting Entity.

    • Content and procedures relating to the notice

      • MKT 7.4.3

        (1) Subject to (2), a notice relating to a notifiable interest must be given by a Person referred to in Rule 7.4.2, to the other Directors of the Reporting Entity 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 which that Person must provide by virtue of being a Connected Person under Rule 7.3 and the Person has complied with the requirement mentioned in that Rule.
        (3) A notice relating to a notifiable interest must contain:
        (a) the name and address of the Person giving the notice; and
        (b) the details relating to the notifiable interest, including the date on which the notifiable interest arose or changed.

    • Market disclosure

      • MKT 7.4.4

        Upon receiving a notice relating to a notifiable interest, the Reporting Entity must, as soon as possible, make market disclosure of that report in accordance with Rule 7.7.1.