s 137Y Duty of director and chief executive officer of responsible person to notify of interests
137Y.—(1) Every director and chief executive officer of the responsible person for a real estate investment trust must give written notice to the responsible person of particulars of —(a) units in the trust, being units held by him or her, or in which he or she has an interest and the nature and extent of that interest; (b) debentures or units of debentures of the trust which are held by him or her, or in which he or she has an interest and the nature and extent of that interest; (c) such other securities, securities‑based derivatives contracts or units in a collective investment scheme as the Authority may prescribe, which are held, whether directly or indirectly, by him or her, or in which he or she has an interest and the nature and extent of that interest; and (d) any change in respect of the particulars of any matter referred to in paragraphs (a), (b) and (c).[2/2009; 4/2017] (2) A notice under subsection (1) —(a) must be in such form and must contain such information as the Authority may prescribe; and (b) must be given —(i) in the case of a notice under subsection (1)(d), within 2 business days after the director or chief executive officer becomes aware of the change; or (ii) in any other case, within 2 business days after —(A) the date on which the director or chief executive officer becomes such a director or chief executive officer; or (B) the date on which the director or chief executive officer becomes a holder of, or acquires an interest in, the units, debentures, units of debentures, other securities, securities‑based derivatives contracts or units in a collective investment scheme referred to in subsection (1), whichever last occurs. [2/2009; 4/2017] (3) For the purposes of this section, a director or chief executive officer of a responsible person is deemed to have an interest in securities, securities‑based derivatives contracts or units in a collective investment scheme referred to in subsection (1) if a family member of the director or chief executive officer (not being himself or herself a director or chief executive officer of the responsible person) (as the case may be) has an interest in those securities, securities‑based derivatives contracts or units in a collective investment scheme.[2/2009; 4/2017] (4) In this section —“family member” means a spouse, or a son, adopted son, stepson, daughter, adopted daughter or stepdaughter below the age of 21 years; “unit”, in relation to a debenture, means any right or interest, whether legal or equitable, in the debenture, by whatever name called, and includes any option to acquire any such right or interest in the debenture.[2/2009]