KNF has published a new form to submit with regards to significant purchases or sales of stocks. Under the current law, it is mandatory for investors to inform KNF about surpassing the voting threshold(s) as a result of purchasing or selling stocks of a public firm.
This is in relation to the forthcoming amendment of Article 69 of the Public Offering Act. The planned amendment to the legislation provides for the introduction of an ICT system that will allow the mentioned notifications to be submitted electronically.
The KNF has already made the forms available although the proposed regulations are not yet in force, to enable investors to familiarise themselves in advance with all the functionalities of the ICT system.
Until then, the filing of the notification via the ICT system will be done on a voluntary basis. Thus shareholders can choose how they will submit their notice.
The KNF also notes that the submission of a form to the KNF Office via the ICT system does not release shareholders from the obligation to submit a notification to the company.