Section 40 Investments and Securities Act 2025

Section 40 of the Investments and Securities Act 2025 is about Disposal and acquisition of assets. It is under Part V (Registration and Regulation of Securities Exchanges, Financial Market Infrastructures and other Self Regulatory Organisations) of the Act. It provides as follows:

(1) Where an exchange holding company, a securities exchange, or other similar body intends to enter into an agreement or arrangement, to dispose of or acquire assets, which value threshold has been specified by the Commission, it shall obtain the Commission’s prior written consent.

(2) Where the Commission makes a specification under subsection (1), it shall have regard to whether the assets referred to in the specification are integral to the operations of the exchange holding company, securities exchange, or any other similar body corporate, as the case may be, or significant in affecting the business direction of such entities.