Shareholding Disclosure Rules and Regulations

There are shareholding disclosure rules in over 95 countries but there is no one single regulation governing these requirements, instead they are part of an individual country’s legislation or regulatory rulebook.

Report shareholding disclosures on time without mistakes with our automated system.

What is Shareholding Disclosure monitoring and reporting?

Shareholding disclosure rules require investment firms to monitor and report complete and accurate disclosures of their share and derivative holdings to a relevant competent authority and/or issuer once certain parameters are met.

There are a number of different types of shareholding rules:

  • Substantial shareholding rules (also referred to as major shareholding and long disclosures) – these are designed to provide transparency to the market, the issuer, and the relevant regulator, about positions that are being accumulated, provide information on who can vote at the company’s AGM or who has access to voting rights.
  • Short position disclosures– these are a tool for regulators to have transparency of those responsible for shorting an issuer. 
  • Takeover disclosures – these allow additional transparency whilst a company is under offer to ensure fair treatment of shareholders.
  • Issuer Requests – in some jurisdictions issuers or their investor relations representatives are able to legally request disclosure of your holdings in their issuer and the identity of other parties to that position. The aim is to provide the issuer with transparency of their shareholders. 
  • Sensitive Industry – this can often be a pre-approval requirement before you trade in a certain industry above a certain threshold. These are industries that a government wants to protect such as the financial industry, defence, and aviation. Restrictions on foreign ownership of issuers can also apply.
  • Foreign Ownership – restrictions can be placed on the collective percentage all “foreigners” can own. Ownership over this level can include forced sale and sanctions.
  • Articles of Association– companies may include lower thresholds for disclosure within their company’s articles of association and include their own sanctions for non-compliance.

How we can help

Kaizen’s Shareholding Disclosure Service is an automated monitoring and reporting system for 95+ jurisdictions accessed via a single user interface.

The easy-to-use platform has a hosted customised rules engine, incorporating aosphere LLP’s shareholding disclosure rules library as a basis for the service.  The system further enhances and interprets this with our regulatory expertise, alerting you of your reporting obligations so you do not miss any critical filing deadlines.

Contact us to Request a Demo

“Our aim is to take away the pain and stress of shareholding disclosures, to streamline the process, and make reacting to regulatory change a fast and simple experience.”

Angie Huff – Regulatory Advisory Director - Kaizen Reporting

What shareholding disclosure challenges are you facing?

For a conversation with one of our regulatory specialists or to request a demo of our service, please get in touch.

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