Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009

4.

Amendment of section 15 (Commission shall not control company) of Principal Act.

4.— Section 15 of the Principal Act is amended—

( a) in subsection (1) by substituting “Subject to subsections (3) and (4), the Commission” for “The Commission”, and

( b) by inserting after subsection (2)—

“(3) A reference to a company in subsection (1) does not include a Commission investment vehicle.

(4) Subsection (1) does not apply in relation to a holding of shares or the possession of voting or other rights constituting or resulting from a directed investment.”.

Annotations:

Amendments:

F4

Repealed by National Treasury Management Agency (Amendment) Act 2014 (23/2014), s. 6(d), not commenced as of date of revision.

Modifications (not altering text):

C4

Prospective affecting provision: section repealed by National Treasury Management Agency (Amendment) Act 2014 (23/2014), s. 6(d), not commenced as of date of revision.

Amendment of section 15 (Commission shall not control company) of Principal Act.

4.— F4 [ ]