disclosure of shareholdings

disclosure of shareholdings

the requirement in the UK under current COMPANY LAW for an investor owning more than 3% of the SHARES of a public JOINT-STOCK COMPANY to declare ownership of these shares to the directors of that company. Where several blocks of shares held by NOMINEE shareholders on behalf of a BENEFICIAL OWNER collectively amount to more than 3%, then the identity of the beneficial owner must be declared to the directors of the company. Disclosure provisions make it more difficult for someone to mount a DAWN RAID on a public company.
Mentioned in ?
References in periodicals archive ?
The regulations are also the government's response to corporate governance advocates espousing disclosure of shareholdings as key to preventing future financial crises and as part of a global trend towards transparency and good corporate governance.
The guidance covers areas including internal and external disclosure of shareholdings and guidance on the type of financial transactions covered by the editors' Code of Practice.
The directive is expected to contain provisions on the disclosure of shareholdings and of the vertical and horizontal relationships between entities.