The Depository Centre must periodically report to the Authority on shareholders who hold more than what threshold percentage of equity in the Centre’s capital?
The Depository Centre is required to periodically report to the Authority on shareholders who hold more than 5% of equity in the Centre’s capital. This threshold ensures that the Authority is informed about substantial holdings, which could influence corporate governance, voting rights, and overall control within the company. The report helps maintain transparency regarding ownership structures, which is critical for monitoring potential conflicts of interest, shareholder influence, and market stability. Regular updates on these holdings contribute to the regulatory oversight of significant shareholders.
[Reference: CISI UAE Financial Rules and Regulations — Reporting Requirements for Depository Centres, Section 7.1.2 (2023)., ]
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