The Legal 500

Publishing firms

Legal Developments worldwide

The Duty to Disclose Significant Holdings in Listed Companies

October 2007 - Finance. Legal Developments by Walder Wyss Ltd.

More articles by this firm.

As of1 July 2007, two important changes regarding the duty to disclose significant holdings in listed companies have entered into force: First, aholder of equity securities has to add all (call) options he holds to his holdings in shares in order to determine whether a threshold triggering the disclosure duty has been reached. Second, options providing for cash settlement are subject to the disclosure duty.

Read more ...