Exemption criteria for combinations: specified share and asset acquisitions exempt from prior merger filing when no control or sensitive access. Categories of combinations are exempted from specified merger-filing requirements where acquisitions do not result in control or confer board representation or access to commercially sensitive information; exemptions include certain underwriting, stockbroker and mutual fund share acquisitions subject to holding caps; passive investment acquisitions without control or information/board rights; incremental share purchases constrained to avoid control or first-time board/information rights; acquisitions of current assets in the ordinary course; non-core investment asset purchases not amounting to substantial business operations; intra-group transfers, group reorganisations and acquisitions pursuant to Commission orders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption criteria for combinations: specified share and asset acquisitions exempt from prior merger filing when no control or sensitive access.
Categories of combinations are exempted from specified merger-filing requirements where acquisitions do not result in control or confer board representation or access to commercially sensitive information; exemptions include certain underwriting, stockbroker and mutual fund share acquisitions subject to holding caps; passive investment acquisitions without control or information/board rights; incremental share purchases constrained to avoid control or first-time board/information rights; acquisitions of current assets in the ordinary course; non-core investment asset purchases not amounting to substantial business operations; intra-group transfers, group reorganisations and acquisitions pursuant to Commission orders.
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