Entire Section

  • Exemptions

    • 20.71

      Exemptions from the connected transaction requirements are available for the following types of transactions:

      (1) de minimis transactions (rule 20.74);
      (2) financial assistance (rules 20.85 to 20.89);
      (3) issues of new securities by the listed issuer or its subsidiary (rule 20.90);
      (4) dealings in securities on stock exchanges (rule 20.91);
      (5) repurchases of securities by the listed issuer or its subsidiary (rule 20.92);
      (6) directors' service contracts and insurance (rules 20.93 and 20.94);
      (7) buying or selling of consumer goods or services (rule 20.95);
      (8) sharing of administrative services (rule 20.96);
      (9) transactions with associates of passive investors (rules 20.97 and 20.98); and
      (10) transactions with connected persons at the subsidiary level (rule 20.99).

    • 20.72

      The exemptions are broadly divided into two categories: (1) fully exempt from shareholders' approval, annual review and all disclosure requirements; and (2) exempt from shareholders' approval requirement.

    • 20.73

      The Exchange has the power to specify that an exemption will not apply to a particular transaction.