Title and application
These Guidelines are issued pursuant to Section 9(2)(v) of the Securities Act, No. 41 of 2016 and provide guidance to the Commission with respect to vetting of –
substantial shareholders;
the substantial shareholder’s source of funds; and
the beneficial owner of a company whose securities are registered, or which is authorised or licensed under this Act.
Clause 2.1.3 shall only apply to beneficial owners who are substantial shareholders.
For purposes of these Guidelines, the threshold for substantial shareholders specified under the Act shall apply to the beneficial owners that are subject to vetting.
In the case of any doubt on the application of these Guidelines, the Commission should be consulted.