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  • Exemptions

    • TMA-B.1.9

      Module TMA does not apply to offers of equity securities for the following:

      (a) Offers for non-voting, non-equity capital unless required by this Module;
      (b) An exempt share repurchase;
      (c) An offer document filed with the CBB under Module OFS for the sole purpose of issuing or listing securities that are convertible to equity securities and do not confer, directly or indirectly, a voting right to the holder of such securities;
      (d) The relevant person has or had, at any time, financial instruments that are convertible to equity securities and do not confer, directly or indirectly, a voting right;
      (e) The relevant person is not subject to Module TMA under CBB Law;
      (f) An exempt fund manager or an exempt principal trader recognized as such by the CBB for the purposes of the Module; and
      (g) Acquisition of a controlling interest pursuant to an underwriting agreement subject to the timeline of the disposal of such acquisition being approved by the CBB.
      Amended: October 2019
      Amended: April 2013

    • TMA-B.1.10

      [This Paragraph was moved to the Glossary under Part B of the CBB Rulebook Volume 6 in October 2019].

    • TMA-B.1.11

      [This Paragraph was moved to the Glossary under Part B of the CBB Rulebook Volume 6 in October 2019].

    • TMA-B.1.12

      [This Paragraph was moved to the Glossary under Part B of the CBB Rulebook Volume 6 in October 2019].