Entire Section

  • Advance to an entity (13.13-13.15A)

    • 13.13

      Where the relevant advance to an entity exceeds 8% under the assets ratio defined under rule 14.07(1), the issuer must announce the information in rule 13.15 as soon as reasonably practicable. For the avoidance of doubt, an advance to a subsidiary of the issuer will not be regarded as an advance to an entity.

    • 13.14

      Where the relevant advance to an entity increases from that previously disclosed under rule 13.13, 13.14, or 13.20 and the amount of the increase since the previous disclosure is 3% or more under the assets ratio defined under rule 14.07(1), the issuer must announce the information in rule 13.15 as soon as reasonably practicable.

    • 13.15

      Under rule 13.13 or 13.14, issuers must announce details of the relevant advance to an entity, including details of the balances, the nature of events or transactions giving rise to the amounts, the identity of the debtor group, interest rate, repayment terms and collateral.

    • 13.15A

      For the purpose of rules 13.13 and 13.14, any trade receivable is not regarded as a relevant advance to an entity if:

      (1) it arose in the issuer's ordinary and usual course of business (other than as a result of the provision of financial assistance); and
      (2) the transaction from which the trade receivable arose was on normal commercial terms.