“Sensitive Sectors” are sectors within a particular jurisdiction which have special significance and are considered strategically important.
Each jurisdiction considers different sectors to be “sensitive”.
Sensitive Sectors include:
What are Sensitive Sectors?
- Banking and Finance
- Media
- Gas/Electricity Utilities
- Air Freight & Logistics
- Airlines
- Telecommunications
- Insurance
What are Sensitive Sector Rules?
Sensitive Sectors Rules are a type of shareholder rule which impose specific rules on a particular sector.
These include:
- Pre-trade Approval
- Post Trade Reporting; and
- Hard limits
What are the Key Considerations?
- Which industries and securities are in scope?
- Do the sensitive sector rules apply to foreign investors or everyone?
- Are the rules sector specific, company specific (Qantas) or is there a blanket restriction (Saudi Arabia)?
- Are restrictions at an individual level or aggregated across investors?
- Calculation – scope of numerator and denominator
- Pre trade approval, post trade reporting or hard limit
- Exemptions
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