Do I need to notify changes in my shareholding according to the requirement in the Companies Act if I am a substantial shareholder participating in securities lending program?

With effect from 1 April 2004, substantial shareholders who take part in securities lending transactions are exempted from the substantial shareholding notification requirements under the Companies Act. However, if you are a director of the company, according to the Companies Act section 165 and 166, you will need to disclose any change in interest in your securities in the company within 2 business days after the change in interest. Do consult your professional adviser on your legal reporting obligations.

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