1266 Transparency rules
Companies Act 2006 (2006 c 46) | Legislation

Transparency obligations

1266  Transparency rules

(1)     After section 89 of the Financial Services and Markets Act 2000 insert—

“Transparency obligations
89A Transparency rules

(1)     The competent authority may make rules for the purposes of the transparency obligations directive.

(2)     The rules may include provision for dealing with any matters arising out of or related to any provision of the transparency obligations directive.

(3)     The competent authority may also make rules—

(a)     for the purpose of ensuring that voteholder information in respect of voting shares traded on a UK market other than a regulated market is made public or notified to the competent authority;

(b)     providing for persons who hold comparable instruments (see section 89F(1)(c)) in respect of voting shares to be treated, in the circumstances specified in the rules, as holding some or all of the voting rights in respect of those shares.

(4)     Rules under this section may, in particular, make provision—

(a)     specifying how the proportion of—

(i)     the total voting rights in respect of shares in an issuer, or

(ii)     the total voting rights in respect of a particular class of shares in an issuer,

held by a person is to be determined;

(b)     specifying

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Costs and the ‘without prejudice’ rule

Costs and the ‘without prejudice’ ruleCosts determination and the ‘without prejudice’ ruleAn issue for practitioners is whether correspondence marked ‘without prejudice’ can be used against a party when the court comes to determine the issue of costs. The Court of Appeal in Walker v Wilsher (1889)

LEXISNEXIS

Mistake in contract law

Mistake in contract lawThis Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of

LEXISNEXIS

Repudiation

RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes to the core of the contract and the options or remedies available to an innocent party as a result of the other party’s repudiation, which include

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose