Client Update: Shareholder Notification Requirements

January 01, 2007

The Financial Service Authority's (FSA) Disclosure and Transparency Rules (DTR) came into force on 20 January, introducing a new regime for the notification of major shareholdings. As was discussed in our special December alert ('Companies Act 2006 – What Companies Need to Think About Now') the shareholder notification requirements located in the Companies Act 1985 have now been repealed and are replaced by the new DTR, which are located in the FSA Handbook.

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