124. Interpretation
In this Part—
“associated person” shall be construed in accordance with section 91(2);
“director” includes—
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(a) a person occupying the position of a director (by whatever name called); and
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(b) a person in accordance with whose directions or instructions (not being advice given in a professional capacity) the directors are accustomed to act;
“interest in securities” shall be construed in accordance with section 91;
“securities” means securities which are listed on a securities exchange licensed by the Commission;
“substantial shareholder”, in relation to an issuer, means a person who has an interest in shares of the issuer—
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(a) the stated value of which is more than 5% of the issued share capital of the issuer; or
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(b) which entitles the person to exercise or control the exercise of more than 5% of the voting power at a general meeting of the issuer.