(1) Subject to subsections (3) and (4), the Commission shall not control any company or hold such percentage of the voting rights in any company that would require it to seek control of that company.
(2) In subsection (1) "control", in relation to a company, means the power of a person to secure, by means of the holding of shares or the possession of voting rights in or in relation to the company or any other company, that the affairs of the first-mentioned company are conducted in accordance with the wishes of that person.
(3) A reference to a company in subsection (1) does not include a Commission investment vehicle.
(4) Subsection (1) does not apply in relation to a holding of shares or the possession of voting or other rights constituting or resulting from a directed investment.