A Reporting Entity must ensure that:
(1) if the value of a Related Party Transaction is equal to or greater than 5% of value of the net assets of the Reporting Entity as stated in its most recent financial reports, it does not enter into such a transaction unless the transaction has been put to Shareholder approval and has received prior approval by a majority of the Shareholders in voting of the Reporting Entity;
(2) if the value of the Related Party Transaction is less than the 5% threshold referred to in (1):
(a) it obtains a written confirmation from its Sponsor before entering into the transaction or, where a Sponsor has not been appointed its compliance adviser, that the terms of the transaction are fair and reasonable; and
(b) as soon as possible after entering into the transaction, it discloses the Related Party Transaction to the market in accordance with Rule 7.7.1;
(3) if the cumulative value of a series of Related Party Transactions with the same Related Party which have not received Shareholder approval reaches the 5% threshold referred to in (1) in any 12 month period, it does not enter into the last of the series of the transactions unless such proposed action has been put to Shareholder approval and received approval by a majority of the Shareholders in voting of the Reporting Entity;
(4) if, after obtaining Shareholder approval pursuant to Rule 9.5.3(1) but before the completion of the Related Party Transaction, there is a material change to the terms of the transaction, the Reporting Entity must comply again separately with Rule 9.5.3(1) in relation to the Related Party Transaction; or
(5) the Related Party does not vote on the Shareholder resolution referred to in Rule 9.5.3(1) and takes all reasonable steps to ensure that any Related Party Associates of the relevant Related Party also do not vote on the Shareholder resolution.