Section 22
Section 218 of the principal Act is amended—
of Capital Markets and Services (Amendment) Act 2015
(a)
by substituting for the shoulder note the following shoulder note:
“Compliance with Code, guidelines, directions, practice notes and rulings”;
(b)
in subsection (1), by substituting for the words “and any ruling made under subsection 217(4)” the words “, guidelines, directions, practice notes and any ruling issued by the Commission”;
(c)
by substituting for subsection (2) the following subsection:
“(2) Subject to section 219, an acquirer who has obtained control in a company shall make a take-over offer for the remaining voting shares in accordance with the provisions of the Code, guidelines, directions, practice notes and any ruling issued by the Commission.”;
and
(d)
by substituting for subsection (3) the following subsection:
“(3) Subject to section 219, an acquirer who has obtained control shall not acquire any additional voting shares in that company except in accordance with the provisions of the Code, guidelines, directions, practice notes and any ruling issued by the Commission.”.