Financial assistance
8.43
A listed corporation grants a corporate guarantee to a third party for services rendered by the third party to the listed corporation's non-wholly owned subsidiary. Is the corporate guarantee subject to disclosure requirements under Guidance Note 4?
No, a corporate guarantee granted to a subsidiary by a listed corporation would not be subject to Guidance Note 4 as it is provided pursuant to Rule 8.25(1)(iii) of the ACE LR and not Rule 8.25(1)(ii). In the circumstances, the quarterly disclosure under paragraph 3.1 of Guidance Note 4 is not applicable.