CSD-5.2.1

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Past version: Effective from 01 May 2009 to 31 Mar 2016
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Any person applying for approval for acquiring substantial shareholding as defined hereunder shall submit to the CBB a written application that sets out:

(a) The name of the applicant;

(b) In the case where the applicant is a corporation:

(i) Its place of incorporation;

(ii) Its substantial shareholders;

(iii) Its directors and chief executive officer; and

(iv) Its principal business;

(c) In the case where the applicant is a natural person:

(i) His nationality;

(ii) His principal occupation; and

(iii) His directorships;

(d) All the corporations in which the applicant has a substantial shareholding;

(e) The percentage of shareholding and voting power that the applicant has in the licensed clearing house or the central depository;

(f) The percentage of shareholding and voting power the applicant is seeking to have in the licensed clearing house or the central depository;

(g) The reasons for making the application;

(h) The mode and structure, as appropriate, under which the increase in shareholding would be carried out;

(i) Whether the applicant will seek representation on the board of directors of the licensed clearing house or the central depository; and

(j) Any other information that may facilitate the determination of the CBB as to whether the applicant is a fit and proper person for the purposes of paragraph CSD-5.2.3 (a).