Implementation of Geneva Conventions Act, 2012
R 385
beneficial interest
when used in relation to a company’s securities, means the right or entitlement of a person, through ownership, agreement, relationship or otherwise, alone or together with another person to—
| a) | receive or participate in any distribution in respect of the company’s securities; |
| b) | exercise or cause to be exercised, in the ordinary course, any or all of the rights attaching to the company’s securities; or |
| c) | dispose or direct the disposition of the company’s securities, or any part of a distribution in respect of the securities, |
but does not include any interest held by a person in a unit trust or collective investment scheme in terms of the Collective Investment Schemes Act, 2002 (Act No. 45 of 2002);
