RE: Great RNS31 Mar 2023 11:14
Here’s another quote from the same site…
” There is an exemption under DTR 5.1.5R(1) for fund managers so holdings need only be disclosed at 5% or above (as opposed to 3%) and further notification only arises if holdings reach, exceed, or fall below 10%. At 10%, the exemption no longer applies so disclosures are required for every 1% increase or decrease above this threshold. This can be a useful exemption where the shareholder is an investment manager (e.g. the investment management subsidiary of an activist which invests the assets of the activist investment fund). Where a client has appointed a discretionary fund manager but has retained power to give instructions, the client will only have a separate notifiable interest upon exercise of that power. ”