Beneficial Owners Of Voting Securities

Beneficial Owners Of Voting Securities. (a) The Commission shall consider the provisions of Miss. Code Ann. §75-76-263 in making its determination as to which beneficial owners of voting securities of publicly traded corporations must or may be required to be found suitable or to be licensed. (b) All rules and regulations of the Securities and Exchange Commission applicable in determining whether a person is the beneficial owner of a particular equity security for purposes of Section 13(d) of the Federal Securities Exchange Act may be considered by, but shall not be binding upon, the Commission in making its determination whether, and the extent to which, a person is the beneficial owner of a voting security for the purposes of Miss. Code Ann. §75-76- 263 of these regulations. (c) Miss. Code Ann. §75-76-263 applies to every person who is, directly or indirectly, the beneficial owner of any voting security in a publicly traded corporation which is registered with the Commission, irrespective of the time of acquisition of such ownership. (d) If any securities of a publicly traded corporation are held in street name, by a nominee, an agent or trust, the publicly traded corporation shall render maximum assistance to the Executive Director, upon his request, to determine the beneficial ownership of such securities. (Adopted: 09/25/1991.)