Regulatory Alerts2017-09-12
Added · Updated
Rules for Submission of Notifications on Acquisition and Disposal of Qualifying Holdings in Financial Market Participants
The Board of the Bank of Lithuania approves rules requiring acquirers and disposers of qualifying holdings (10% or more) in supervised financial market participants to immediately submit notifications. The rules define qualifying holdings, specify required information for assessing acquisitions and disposals, and allow for joint notifications or prior consultations. This resolution repeals previous resolutions from 2009 and 2014 regarding notification procedures for such holdings.
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