Past version: Effective from 11 Mar 2013 to 30 Sep 2018
For the purposes of Rule 8A.1.1, a seller shall be deemed to own a security if:
(a) he is the legal or beneficial owner of the security, unless such ownership is pursuant to a securities borrowing agreement;
(b) he:
(i) has purchased or has entered into an unconditional contract to purchase the security, but has not yet received delivery of such security;
(ii) has tendered other securities for conversion or exchange or has issued irrevocable instructions to convert or exchange other securities into the security, but has not yet received delivery of such security;
(iii) has a right or an obligation to purchase the security under an option and such option has been exercised, but has not yet received delivery of such security; or
(iv) has a right or warrant to subscribe for the security and such right or warrant has been exercised, but has not yet received delivery of such security; and
the delivery referred to in (i) to (iv) would, in the ordinary course, be before the settlement of the sale of the security; or
(c) he has lent a security pursuant to a securities lending agreement as a result of which he is no longer the legal or beneficial owner but has a right of recall under the securities lending agreement.
Added on 11 March 201311 March 2013.