(Online Via Zoom) Disclosure of Interests: Part XV of the SFO – Essentials for Directors and Shareholders of a Listed Company

Although the Disclosure of Interest regime under the SFO has been in place for over 19 years, it is still a minefield for many, in particular for those substantial shareholders, directors, chief executives who are required by law to disclose their interests in a listed company and secretaries, financial controllers or legal counsels who may have to assist in preparing these forms. This course will give a comprehensive overview of the current disclosure of interests regime under the SFO, concentrating on the requirements for directors and shareholders of listed companies.

Detailed Information

Highlights of the course include:

  • Who needs to disclose?
    • Disclosure obligations of substantial shareholders, directors and chief executives
    • What are “deemed interests”?
      • Family interests
      • Trusts
      • Controlled corporations
      • Associated corporations
      • Founder
      • Beneficiary
      • Concert parties
  • What needs to be disclosed?
  • What is an “interest” in shares?
    • Short positions & stock lending
    • Derivatives interests and underlying shares
    • How about H Shares or non-voting shares?
  • When do you need to disclose?
  •  What is change in the nature of an interest?
  • De minimis exceptions and other exemptions
  • Forms and the Disclosure of Interests Online (DION) System effective 3 July 2017
  • Investigations by listed companies of shareholders
  • Listed company to keep Registers
  • Breach of Part XV and potential liabilities
  • Practical worked examples

Registration Conditions

To view our registration conditions click HERE.