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CSD-5.1.2

Past version: Effective from 01 May 2009 to 31 Mar 2016
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In rule CSD-5.1.1 "substantial shareholder" means a person who alone or together with his associates:

(a) Holds not less than 5% of the equity shares in the licensed clearing house or central depository; or
(b) Is in a position to control not less than 5% of the votes in the licensed clearing house or central depository.