DENMARK: Danish FSA Highlights Errors in Major Shareholding Disclosures

Monday April 19 2021

The Danish Financial Supervisory Authority (Danish FSA) have issued a press release highlighting that major shareholders make a number of significant mistakes when using the latest version of the standard form for reporting major shareholder announcements. Some also use an outdated version of the form.

In its investigation, the Danish Financial Supervisory Authority found that the major shareholders in 30 per cent of the reports had used previous versions of the standard form, which are now obsolete.

The study also identified that there were errors in the completion of the standard form in 65 per cent of the reports made by major shareholders in the latest version of the standard form.

Click here for the thematic survey on the use of a standard form for reporting major shareholders ‘ announcements

Click on the above link for further information.