The Financial Services Authority has published a small change to the Disclosure and Transparency Rules.

The change effectively qualifies DTR 1A.3.2R (issuer must take reasonable care to ensure that all information notified to an RIS is not misleading, false or deceptive) by making it clear that this obligation does not apply to disclosures made by issuers under DTR 5.8.12R (procedure for the notification and disclosure of major holdings) to make public the information contained in a voteholder notification made to it under DTR 5.1.2R (notification of the acquisition or disposal of major shareholdings).

The change reflects the fact that the information to which DTR 5.8.12R relates is prepared by investors and not the issuer itself.

The change to the DTRs comes into force on 1 February 2012.

View the Handbook Notice 116 (72 page pdf).

View the Instrument implementing the change (2 page pdf).

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