Market making exception: acquisitions by market makers or nominated investors exempt unless they effect change in control. The amendment inserts sub-clause (vii) in regulation 3(1)(f), exempting acquisitions by a merchant banker or nominated investor made in the process of market making and subscription to the unsubscribed portion under Chapter XA of the Issue of Capital and Disclosure Requirements Regulations, 2009, from the substantial acquisition and takeover provisions, provided the acquisition does not, directly or indirectly, result in a change in control of the target company.