TMA-B.1.9

Past version: Effective from 01 Jan 2009 to 31 Mar 2013
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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 exempted share repurchase;
(c) An offer document filed with the CBB under Module OFS or LIR 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;
(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.