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Additional notification thresholds
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Additional notification thresholds : ウィキペディア英語版
Additional notification thresholds
In some countries financial regulatory regimes allows issuers to set additional issuer specific notification thresholds in their articles of association.
==Overview ==

Major shareholding disclosure regimes defines disclosure thresholds. In case an investor crosses those defined thresholds he is required to disclose those shareholdings. The disclosure needs to made public by notification to the competent financial authority as well as to the issuer. The setup of the disclosure regimes differs in each country. As a matter of fact the thresholds requiring a disclosure varies in each country. But still those regulatory thresholds applies to shareholdings in all issuers required to be disclosed in this country.
Nevertheless in some countries there are additional issuer specific notification thresholds. Those additional thresholds are in addition to the ones set out by major shareholding notification regimes. E.g. in Austria, Belgium, France and Italy issuers are allowed to stipulate additional notification thresholds in their articles of association according to the European Securities and Markets Authority (). For example following issuers have additional notification thresholds set in their articles of association:
Accor S.A. 0,5% and multiple, Befimmo S.C.A. 3%, Eutelsat Communications S.A. 1% and multiple,
l'Oreal S.A. 1% and multiple up to 5%, Sion Industries N.V. 3% and Total S.A. 1% and multiple.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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