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FINANCIAL SECTOR (SHAREHOLDINGS) ACT 1998No. 55, 1998 - SECT 10
Meaning of unacceptable shareholding situation
For the purposes of this Act, an unacceptable shareholding situation exists in
relation to a particular financial sector company and in relation to a
particular person if the person holds a stake in the company of more than:
(a) 15%; or
(b) if an approval of a higher percentage is in force under Division 3 in
relation to the company and in relation to the person--that higher
percentage.
Note: A person's stake includes the interests of the
person's associates--see Schedule 1.
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