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  • Acquisition and Disposal of Securities or Futures Contract

    • MIE-1.2.5

      Without prejudice to the generality of rule MIE-1.2.4:

      (a) The CBB may, where it considers it necessary for the protection of investors, require a capital market service provider to disclose to the CBB in relation to any acquisition or disposal of securities or futures contracts:
      (i) The name of the person from or through whom or on whose behalf the securities or futures contracts were acquired; or
      (ii) The name of the person to or through whom or on whose behalf the securities or futures contracts were disposed of;
      and the nature of the instructions given to the licensee or licensed exchange, or licensed clearing house and depository in respect of the acquisition or disposal.
      (b) The CBB may require a person who has acquired, held or disposed of securities or futures contracts to disclose to the CBB whether he acquired, held or disposed of those securities or futures contracts, as the case may be, as custodian or trustee for, or on behalf of, another person (whether or not as a nominee), and if so:
      (i) The name of that other person; and
      (ii) The nature of any instructions given to the first-mentioned person in respect of the acquisition, holding or disposal.
      (c) The CBB may require a licensed exchange to disclose to the CBB in relation to an acquisition or disposal of securities, or futures contracts on the licensed exchange, the names of the members of that licensed exchange who acted in the acquisition or disposal.
      (d) The CBB may require a licensed clearing house and/or depository for a securities market or futures market to disclose to the CBB in relation to any dealing in securities on that securities market, or trading in futures contracts on that futures market, the names of the members of the licensed clearing house and/or depository who were concerned in any act or omission in relation to the dealing or trading.
      Amended: July 2021