Past version: effective from 21/10/2015 - 20/10/2015
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The Board of a Reporting Entity must ensure that a Reporting Entity does not purchase its own Shares unless:
(1) the purchase does not materially prejudice the Reporting Entity's ability to pay its creditors as they fall due;
(2) it has obtained prior approval of Shareholders in meeting by a majority vote; and
(3) prior to the meeting seeking the consent referred to in (2), the notice of the meeting and any accompanying documents relating to the purchase is filed with the Regulator.