RE: City Whispers of a Fund buying16 Feb 2023 10:16
The 2018 amendment, put all the onus on the buyer/seller, to report the transaction
that crossed each and every threshold by Midnight on the day, then to raise the
TR1 form
The companies only responsibility , was to copy and past the form into an RNA message
and pass across the rns news wire ASAP.
Two mindless gaps left, the old system had a timeline, the new did not, just send, so
many now open up with a we have 5 , 10 or even 20%, saving on tr1 for each daily
change, or do not bother at all.
The other although the buyer/seller to report to the company by midnight on the day
only have to inform the market, relay tr1 form, if they don't send them , the company
can't relay them ffs.