Bulgaria – FSC Changes to Substantial Shareholding Form

Bulgaria – FSC Changes to Substantial Shareholding Form

On 12 September 2024, BUL FSC advised of substantial shareholding form and notification submission change.

  • BUL FSC outlined change to substantial shareholding form and submission method for notification of substantial shareholding (notification under article 145) by shareholders in public companies.

Summary

  • Applies to those passing thresholds of 5% or multiples of 5% of voting rights in general meetings of public company shareholders, where financial instruments are traded.
  • Previous file for substantial shareholding disclosure under Art. 145 Law on the public offering of securities in the financial supervision commission is divided in 2 files, text unchanged.