On 24/05/2013,
you requested for the version in force on 24/05/2013
incorporating all amendments published on or before 24/05/2013.
The closest version currently available is that of 18/04/2013.
81ZA.
—(1) An approved holding company shall, as soon as practicable after the occurrence of any of the following circumstances, notify the Authority of the circumstance:
(a)
any material change to the information provided by the approved holding company in its application under section 81V(1);
(b)
the carrying on of any activity by the approved holding company other than —
(i)
the activities of a holding company of any approved exchange, designated clearing house or corporation that is an approved holding company;
(ii)
an activity incidental to being a holding company of any approved exchange, designated clearing house or corporation that is an approved holding company; or
(iii)
such activity or class of activities as the Authority may prescribe;
(c)
the acquisition by the approved holding company of a substantial shareholding in a corporation which does not carry on —
(i)
any activity of a holding company of any approved exchange, designated clearing house or corporation that is an approved holding company;
(ii)
any activity incidental to being a holding company of any approved exchange, designated clearing house or corporation that is an approved holding company; or
(iii)
such activity or class of activities as the Authority may prescribe;
(d)
any other matter that the Authority may prescribe by regulations or specify by notice in writing to the approved holding company.
[1/2005]
(2) Without prejudice to the generality of section 81ZL(1), the Authority may, at any time after receiving a notification referred to in subsection (1), issue directions to the approved holding company —
(a)
where the notification relates to a matter referred to in subsection (1)(b) —
(i)
to cease carrying on the first-mentioned activity referred to in subsection (1)(b); or
(ii)
to carry on the first-mentioned activity referred to in subsection (1)(b) subject to such conditions or restrictions as the Authority may impose, if the Authority is of the opinion that this is necessary for any purpose referred to in section 81ZL(1); or
(b)
where the notification relates to a matter referred to in subsection (1)(c) —
(i)
to dispose of the shareholding referred to in subsection (1)(c); or
(ii)
to exercise its rights relating to such shareholding subject to such conditions or restrictions as the Authority may impose, if the Authority is of the opinion that this is necessary for any purpose referred to in section 81ZL(1),
and the approved holding company shall comply with such directions.
[1/2005]
(3) Any approved holding company which contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 and, in the case of a continuing offence, to a further fine not exceeding $20,000 for every day or part thereof during which the offence continues after conviction.
[1/2005]