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Financial Services and Markets Act 2000
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Valid from 08/11/2006
[F189DNotification of voting rights held by issuerU.K.
This section has no associated Explanatory Notes
(1)Transparency rules may require notification of voteholder information relating to the proportion of voting rights held by an issuer in respect of voting shares in the issuer—
(a)initially, not later than such date as may be specified in the rules for the purposes of the second indent of Article 30.2 of the transparency obligations directive, and
(b)subsequently, in accordance with the following provisions.
(2)Transparency rules under subsection (1)(b) may require notification of voteholder information relating to the proportion of voting rights held by an issuer in respect of voting shares in the issuer 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 issuer.
(3)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.
(4)In subsection (3) “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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