TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 26

SECURITIES (DISCLOSURE OF INTERESTS)

Ord. No. 63/88

A343

subsection (2) shall apply as in the case therein mentioned but with the substitution, for references to the time when this Ordinance comes into operation, of references to the time at which the event occurs.

(5) The notification required by section 3 must specify the share 1985 c. 6, s. 202 capital to which it relates, and must also-

(a) state the number of shares comprised in that share capital in which the person making the notification knows he was interested immediately after the time when the duty arose; or

(b) in a case where the person no longer has a notifiable interest in shares comprised in that share capital, state that he no longer has that interest.

(6) A notification required by section 3 with respect to a person's interest in a listed company's relevant share capital (other than one stating that he no longer has a notifiable interest in shares comprised in that share capital) shall include particulars of—

(a) the identity of each registered holder of shares to which the

notification relates; and

(b) the number of those shares held by each such registered holder, so far as known to the person making the notification at the date when the notification is made.

(7) A person who has an interest in shares comprised in a listed company's relevant share capital, that interest being notifiable under sec- tion 3, is under a duty to notify the listed company in writing-

(a) of any particulars in relation to those shares which are specified in

subsection (6); and

(b) of any change in those particulars,

of which in either case he becomes aware at any time after any interest notification date and before the first occasion following that date on which he comes under any further duty of disclosure with respect to his interest in shares comprised in that share capital.

(8) A duty arising under this section must be performed within the period of 5 days next following the day on which it arises.

(9) The reference in subsection (7) to an interest notification date, in relation to a person's interest in shares comprised in a company's relevant share capital, is—

(a) the date of any notification made by him with respect to his

interest under this Part; or

(b) where he has failed to make a notification, the date on which the

period allowed for making it came to an end.

(10) A person who at any time has an interest in shares which is notifiable is to be regarded for the purposes of subsection (7) as continuing to have a notifiable interest in them unless and until he comes under a duty to make a notification stating that he no longer has such an interest in those shares.