A person may carry on the business of buying or selling listed securities if that person—
| (b) |
effects such buying or selling through an authorised user; |
| (c) |
is a financial institution transacting as principal with another financial institution also transacting as principal; or |
| (d) |
is a person who, subject to any condition that the registrar may prescribe, buys or sells listed securities in order to— |
| (i) |
give effect to a reconstruction of a company or group of companies by the issue or reallocation of shares, or a takeover by one company of another or an amalgamation of two or more companies; or |
| (ii) |
effect a change in the control over management or the business of a company. |
South African Council for Educators Act, 2000
