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Financial Services and Markets Act 2000
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Changes over time for: Section 89B
No versions valid at: 16/06/2006
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- 08/11/2006- Amendment
- 16/06/2006
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Financial Services and Markets Act 2000, Section 89B is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Valid from 08/11/2006
[F189BProvision of voteholder informationU.K.
This section has no associated Explanatory Notes
(1)Transparency rules may make provision for voteholder information in respect of voting shares to be notified, in circumstances specified in the rules—
(a)to the issuer, or
(b)to the public,
or to both.
(2)Transparency rules may make provision for voteholder information notified to the issuer to be notified at the same time to the competent authority.
(3)In this Part “voteholder information” in respect of voting shares means information relating to the proportion of voting rights held by a person in respect of the shares.
(4)Transparency rules may require notification of voteholder information relating to a person—
(a)initially, not later than such date as may be specified in the rules for the purposes of the first indent of Article 30.2 of the transparency obligations directive, and
(b)subsequently, in accordance with the following provisions.
(5)Transparency rules under subsection (4)(b) may require notification of voteholder information relating to a person only where there is a notifiable change in the proportion of—
(a)the total voting rights in respect of shares in the issuer, or
(b)the total voting rights in respect of a particular class of share in the issuer,
held by the person.
(6)For this purpose there is a “notifiable change” in the proportion of voting rights held by a person when the proportion changes—
(a)from being a proportion less than a designated proportion to a proportion equal to or greater than that designated proportion,
(b)from being a proportion equal to a designated proportion to a proportion greater or less than that designated proportion, or
(c)from being a proportion greater than a designated proportion to a proportion equal to or less than that designated proportion.
(7)In subsection (6) “designated” means designated by the rules.]
Textual Amendments
F1Ss. 89A-89G and cross-heading inserted (8.11.2006) by Companies Act 2006 (c. 46), ss. 1266(1), 1300(1)(a) (with s. 1266(2))
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