Section 30Part 1 — Securities Investment Business Act
Procuring the acquisition or disposal of a listed security
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A person procures the acquisition or disposal of a listed security if a listed security is acquired or disposed of by a person who is, in relation to the acquisition or disposal —
his agent;
his nominee, or
a person who is acting at that person’s direction.
Subsection (1) is not exhaustive as to the circumstances in which a person may be regarded as procuring an acquisition or disposal of listed securities by another.
“ Acquisition ” or “ disposal ” in relation to a listed security includes agreeing to acquire or dispose of a listed security or entering into or terminating a contract which creates the listed security, as the case may be.