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Amendment of section 15 (Commission shall not control company) of Principal Act.
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4.— Section 15 of the Principal Act is amended—
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(a) in subsection (1) by substituting “Subject to subsections (3) and (4), the Commission” for “The Commission”, and
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(b) by inserting after subsection (2)—
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“(3) A reference to a company in subsection (1) does not include a Commission investment vehicle.
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(4) Subsection (1) does not apply in relation to a holding of shares or the possession of voting or other rights constituting or resulting from a directed investment.”.
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