183. Exception For Transactions On Recognised Investment Exchange

(1) Approval is not required under section 179 (substantial property transactions) for a transaction on a recognised investment exchange effected by a director, or a person connected with him, through the agency of a person who in relation to the transaction acts as an independent broker.
(2) For this purpose “independent broker” means a person who, independently of the director or any person connected with him, selects the person with whom the transaction is to be effected.