|
SHAREHOLDERS`
DISCLOSURE REQUIREMENTS
European Comparison: "Act and Article"
|
COUNTRY
|
ACT
and §§ |
| Austria |
BörseG. §§
91, 92
(Börsegesetz 1989)
|
| Bulgaria |
-in
construction-
|
| Czech
Republic |
Obchodní zákoník c.
531/1991 Sb., § 183d
(Commercial Code)
|
| Denmark |
Lov om Verdipapirhandel
mv
(Securities trading Act - last amended
through L 1997-06-10 nr. 475 - § 29)
|
| Estonia |
There is
no public law on Stock Exchange in Estonia. Work of the Tallinn
Stock Exchange the ("TSE") is regulated by the Rules
and Regulations of the Stock Exchange (the "Rules")
adopted by the Council of TSE. However the securities market
has been regulated by several laws, including Commercial Code
and Securities Market Act. |
| Finland |
Arvopaperimarkkinalaki
495/1989, Chapter 2, § 9
(Securities Markets Act)
|
| France |
Law
N° 66-537 of 24th July 1966, art. 356-1 to art. 356-4. |
| Germany |
Aktiengesetz
§20 ff. |
| Greece |
-in
construction- |
| Hungary |
-in
construction- |
| Republic
of Latvia |
Law
on Securities (23.08.1995), § 64, § 65, § 67 |
| Liechtenstein |
Offenlegungsgesetz,
Art. 2 |
| The
Netherlands |
Wet
melding zeggenschap in ter beurze genoteerde vennootschappen
1996
("Disclosure of Major Holdings
in Listed Companies Act 1996")
|
| Norway |
-in
construction- |
| Poland |
-in
construction- |
| Portugal |
-in
construction- |
| Spain |
- Securities Market Act (Act 24/1988),
§§ 53, 99,100, 102 and 103.
- Royal Decree 377/1991, of March 15.
- Order of the Ministry of Economy
and Finance of April 23, 1991.
- Circular 2/1991, of April 24, of
the National Stock Exchange Commission.
|
| Switzerland |
Börsengesetz Art. 20
(Federal Act on Stock Exchange and Securities
Trading )
|
| United
Kingdom |
- Companies Act 1985, part VI
- Statutory Instrument 1993 / 1819
- Statutory Instrument 1993 / 2689
- Statutory Instrument 1996 / 1560
Non Statutory Regs:
- The City Code on Take-overs and
Mergers
- The Rules Governing Substantial Acquisitions of Shares
|
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