Investment threshold (holding referred)

Percentage of the shareholding in a listed company which, if reached, triggers a reporting obligation to the supervisory authority. Since 2010, in addition to – directly held voting shares and – unilaterally binding options on shares, – other instruments comparable thereto as well as – silent positions of put options (puts) and claims for repayment under securities loans have been subject to notification requirements above a threshold of five percent. – See Acting in Concert, ad hoc notification, sneaking up on, shareholder control, arm’s length, participation notification, participation guideline, holder control regulation, voting rights database, voting rights criterion, voting rights disclosure, connection, close. – Cf. 2010 Annual Report of BaFin, p. 186 f.(more detailed explanations in the course of the Anlegerschutz- und Funktionsverbesserungsgesetz [AnsFuG]) as well as the respective Annual Report of BaFin, chapter “Supervision of Securities Trading and Investment Business.”

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Merk, G. (Hrsg.): „Investment threshold (holding referred)“. In: Finanz- und Wirtschaftslexikon. https://www.gerhardmerk.de/investment-threshold-holding-referred/ (Stand: 25.07.2023).

Die von Universitätsprofessor Dr. Gerhard Merk begründete Sammlung wird seit Herbst 2014 von Professor Dr. Dr. h.c. Eckehard Krah redaktionell fortgeführt und um neue Begriffe ergänzt. Sollten Sie Fehler entdecken oder sonstige Hinweise haben, schreiben Sie an: info@ekrah.com

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