Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

DTR 5.7 Notification of combined holdings

DTR 5.7.1RRP

A person making a notification in accordance with DTR 5.1.2 R must do so by reference to each of the following:

  1. (1)

    the aggregate of all voting rights which the person holds as shareholder and as the direct or indirect holder of financial instruments falling within DTR 5.3.1R(1)2;

    11
  2. (2)

    the aggregate of all voting rights held as direct or indirect shareholder (disregarding for this purpose holdings of financial instruments); and2

    1
  3. (3)

    the aggregate of all voting rights held as a result of 1direct and indirect holdings of financial instruments falling within DTR 5.3.1R(1).2

    [Note: article 13a(1) of the TD]2

    11
  4. (4)

    [deleted]2

    1
DTR 5.7.1ARRP

2Voting rights relating to financial instruments within DTR 5.3.1R(1) that have already been notified in accordance with DTR 5.1.2R must be notified again when the person has acquired the underlying shares and such acquisition results in the total number of voting rights attached to shares issued by the same issuer reaching or exceeding the thresholds laid down by DTR 5.1.2R.

[Note: article 13a(2) of the TD]

DTR 5.7.2GRP

The effect of DTR 5.7.1 R is that a person may have to make a notification if the overall percentage level of his voting rights remains the2 same but there is a2 notifiable change in the percentage level of one or more of the categories of voting rights held.