1964_SECURITIES_(DISCLOSURE_OF_INTERESTS)_(EXCLUSIONS)_REGULATIONS — Page 2

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CAP. 396]

Securities (Disclosure of Interests) (Exclusions) Regulations

[1988 Ed.

[Subsidiary]

(b) interests of the Official Trustee;

(c) interests of a body corporate constituted under the laws of Hong

Kong which has a place of business in Hong Kong, being either-

(i) a body corporate which is a bank, a deposit-taking company or an insurance company and which is registered as a trust company under the Trustee Ordinance (Cap. 29); or

(ii) a subsidiary of such a body corporate as is mentioned in subparagraph (1) of this paragraph; or

(iii) a subsidiary so registered of a body corporate which is so constituted and which is a bank, a deposit-taking company or an insurance company; or

(iv) a subsidiary so registered of a body corporate which is so constituted and is the holding company of a body corporate which is so constituted and is a bank, a deposit-taking company or an insurance company, and

being interests of the body corporate in its capacity as trustee or personal representative, either solely or jointly with some other person, of any trust or estate;

(d) interests acquired as a result of the acceptance of a conditional offer.

being interests subsisting while the condition of the offer remains unfulfilled.

(2) An interest in the relevant share capital of a listed company is a prescribed interest for the purposes of section 14(1)(f) of the Ordinance if-

(a) the interest is in shares listed on the Unified Exchange;

(b) the person having the interest is-

(i) a stockbroker, registered dealer, exempt dealer, registered in- vestment adviser or exempt investment adviser within the meaning of the Securities Ordinance (Cap. 333); or

(ii) a registered dealer's representative or a registered investment adviser's representative within the meaning of the Securities Ordin- ance; and

(c) he is taken to have that interest by virtue only of the fact that, not being the registered holder of the shares, he is entitled to dispose of them or to agree, or to direct, their disposal pursuant to a written agreement to manage investments for another.

Exceptions

4. (1) Section 28(1) and (2) of the Ordinance shall not require notifica- tion of--

(a) interests in shares or debentures of any person in his capacity as trustee or personal representative of any trust or estate of which the Official Trustee is also a trustee (otherwise than as custodian trustee) or, as the case may be, a personal representative;

12.