The Financial Conduct Authority (FCA) will change the way in which investors submit the form for notification of major shareholdings from Q1 2021. Its updated webpage on submitting investor notifications sets out information on this.
Under DTR5.1.2, certain shareholders and holders of financial instruments are required to notify an issuer of dealings in that issuer’s securities. Investors currently inform the issuer using Form TR-1. For issuers on the main market of the London Stock Exchange, the form must also be emailed to the FCA.
The FCA is developing a new online portal for submission of these investor notifications. Once the new system is live, investors will have to complete an electronic TR-1 Form and submit it via the portal.
Investors will have to complete a 2-step registration process to use the portal. The FCA has published a registration guide to help investors prepare for the new system.
Antonia Kirkby
Knowledge Counsel, London
Michael Jacobs
Partner, Head of Equity Capital Markets, London
Alan Montgomery
Partner, Head of Pharmaceuticals Sector, Chair of India Group, London
Key contacts
Antonia Kirkby
Knowledge Counsel, London
Michael Jacobs
Partner, Head of Equity Capital Markets, London
Alan Montgomery
Partner, Head of Pharmaceuticals Sector, Chair of India Group, London
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