Exemption criteria for combinations: routine acquisitions and intra group reorganisations exempted where no change in control arises. The Schedule enumerates categories of transactions exempt from combination review: routine share acquisitions by underwriters, stockbrokers and mutual funds within specified ceilings; acquisitions solely as investments that do not confer control, board representation or access to commercially sensitive information, with carve-outs where overlapping activities exist; incremental and pre-control acquisitions that do not produce first-time board or sensitive information rights or effect change in control; intra-group transfers, ordinary-course asset acquisitions, routine corporate actions, mergers and demergers within a group preserving control, and acquisitions under Commission orders. Definitions specify acquirer, group entities and affiliate criteria.
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Exemption criteria for combinations: routine acquisitions and intra group reorganisations exempted where no change in control arises.
The Schedule enumerates categories of transactions exempt from combination review: routine share acquisitions by underwriters, stockbrokers and mutual funds within specified ceilings; acquisitions solely as investments that do not confer control, board representation or access to commercially sensitive information, with carve-outs where overlapping activities exist; incremental and pre-control acquisitions that do not produce first-time board or sensitive information rights or effect change in control; intra-group transfers, ordinary-course asset acquisitions, routine corporate actions, mergers and demergers within a group preserving control, and acquisitions under Commission orders. Definitions specify acquirer, group entities and affiliate criteria.
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