Investor Presentaiton

OTC Securities Transactions Reporting Regime Scenarios with stamp duty relief • un OTC Securities Transactions Reporting Regime Share transfers where no stamp duty is payable or where stamp duty relief is granted (whether in full or in part) are not reportable (e.g. intra-group transfer of shares with stamp duty relief, stock borrowing and lending, repo and reverse repo with stamp duty relief and transfer of a basket of securities for allotment or redemption of an ETF with stamp duty remission) . When an application for stamp duty relief has been or will be submitted to the IRD, the Relevant Regulated Intermediary which makes the share transfer would not be required to report it prior to the IRD's determination However, if the IRD subsequently determines that no stamp duty relief (whether in full or in part) would be granted, the Relevant Regulated Intermediary should report the share transfer as soon as practicable after being notified of the IRD's determination

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