Entire Section

  • Exemptions

    • 14A.73

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

      (1) de minimis transactions (rule 14A.76);
      (2) financial assistance (rules 14A.87 to 14A.91);
      (3) issues of new securities by the listed issuer or its subsidiary (rule 14A.92);
      (4) dealings in securities on stock exchanges (rule 14A.93);
      (5) repurchases of securities by the listed issuer or its subsidiary (rule 14A.94);
      (6) directors' service contracts and insurance (rules 14A.95 and 14A.96);
      (7) buying or selling of consumer goods or services (rule 14A.97);
      (8) sharing of administrative services (rule 14A.98);
      (9) transactions with associates of passive investors (rules 14A.99 and 14A.100); and
      (10) transactions with connected persons at the subsidiary level (rule 14A.101).

    • 14A.74

      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.

    • 14A.75

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