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Version date: 16 July 2013 - onwards
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Regulation 28 Notification of the acquisition of major holdings and control of non-listed companies.

(1) Where an AIF acquires, disposes of or holds shares of a non-listed company, the AIFM managing such an AIF shall notify the Bank of the proportion of voting rights of the non-listed company held by the AIF any time when that proportion reaches, exceeds or falls below one or more of the following percentages, namely 10 per cent, 20 per cent, 30 per cent, 50 per cent and 75 per cent, each of which is referred to in this Regulation as a threshold.

(2) Where an AIF acquires, individually or jointly, control over a non-listed company pursuant to paragraph (1) of Regulation 27, the AIFM managing such an AIF shall notify the following of the acquisition of control by the AIF:

(a) the non-listed company;

(b) the shareholders of which the identities and addresses are available to the AIFM or can be made available by the non-listed company or through a register to which the AIFM has or can obtain access; and

(c) the Bank.

(3) The notification required under paragraph (2) shall contain the fol

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