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Jul 14 2013 onwards

AMI 8.1.2

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) A ControllerG is a PersonG who, either alone or with any AssociateG :
(a) holds 10% or more of the shares in either the Authorised Market InstitutionG or a Holding CompanyG of that institution;
(b) is entitled to exercise, or control the exercise of, 10% or more of the voting rights in either the Authorised Market InstitutionG or a Holding CompanyG of that institution; or
(c) is able to exercise significant influence over the management of the Authorised Market InstitutionG as a result of holding shares or being able to exercise voting rights in the Authorised Market InstitutionG or a Holding CompanyG of that institution or having a current exercisable right to acquire such shares or voting rights.
(2) A reference in this chapter to:
(a) a share means:
(i) in the case of an Authorised Market InstitutionG or a Holding CompanyG of an Authorised Market InstitutionG which has a share capital, its allotted shares;
(ii) in the case of an Authorised Market InstitutionG or a Holding CompanyG of an Authorised Market InstitutionG with capital but no share capital, rights to a share in its capital; and
(iii) in the case of an Authorised Market InstitutionG or a Holding CompanyG of an Authorised Market InstitutionG without capital, any interest conferring a right to share in its profits or losses or any obligation to contribute to a share of its debt or expenses in the event of its winding up.
(b) "a holding" means, in respect of a PersonG , shares, voting rights or a right to acquire shares or voting rights in an Authorised Market InstitutionG or a Holding CompanyG of that institution held by that PersonG either alone or with any AssociateG .
Derived from RM118/2013 [VER15/07-13]