It stated: “On 12 February 2018, the Amendments to Trading License Holders’ Rules (Part XIIIA), which include the Rules on Block Divestments in Equities, Rules on Large Volume Trades in Equities, and the Disclosure of Changes in Beneficial Ownership of Shares, (“the Rules”) became effective.
“However, in reviewing applications and monitoring such trades, The Exchange has observed that certain market participants may be structuring trades to circumvent the Rules’ disclosure and compliance requirements”.
