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  • AML-7.1 AML-7.1 General Requirements in Respect of Substantial Shareholding

    • AML-7.1.1

      Any Person whose ownership alone or his ownership together with that of his minor children, or any other accounts under his disposal, or the ownership of any of his associate or affiliate companies amounts to 5% or more of any listed Security of a joint stock company, must notify the licensed exchange forthwith, which must in turn notify the CBB of this fact and the CBB may declare the name of the Person who owns such stake.

      Amended: July 2011
      October 2010

    • AML-7.1.2

      [This Paragraph was deleted in October 2019].

      Deleted: October 2019
      Amended: July 2011
      October 2010

    • AML-7.1.3

      All persons must obtain CBB prior written approval to execute any order that will bring their ownership alone or their ownership together with their minor children, or the accounts standing under their disposal to 10% or more in any listed security. Any further increase of 1% or more shall also be subject to CBB prior written approval.

      Amended: July 2011
      October 2010

    • AML-7.1.4

      Without prejudice to any greater penalty prescribed under the Prevention and Prohibition of the Money Laundering Law or any other law, a breach of the provisions of section AML-7.1 shall result in the cancellation of the transaction, and the Person in breach must bear all costs arising in this connection.

      Amended: July 2011
      October 2010