Regulatory Alerts2007-11-21
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Ordinance No. 39 of 21.11.2007 on the Disclosure of Shareholdings in a Public Company
The Financial Supervision Commission issued Ordinance No. 39 to establish the conditions and procedures for disclosing shareholdings in public companies and investment companies. The regulation mandates that shareholders and other entitled persons notify the Commission and the company immediately, but no later than four working days, when their voting rights cross 5% or 10% thresholds. It further specifies the required content of notifications, exemptions for market-makers and clearing activities, and equivalence rules for issuers from third countries.
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