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Article (10)

Any person whose ownership alone or his ownership together with that of his minor children, or any other accounts under his disposal, or the ownership of any of his associate or affiliate companies amounts to 5% or more of any listed security of a joint stock company, shall notify the BSE forthwith, which shall in turn notify the BMA of this fact and the BMA may declare the name of the person who owns such stake.

It shall be prohibited to execute any purchase order issued by any client whose ownership alone or his ownership together with that of his minor children, or the accounts standing under his disposal amounts to 5% or more of any listed security, and who wishes to carry out any transaction whether for his own account or any account standing under his disposal in a number of securities representing 1% or more of such issue, unless the BMA's prior written consent is obtained.

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