OREANDA-NEWS. On 13 May 2009 was announced, that on the Regulations on a Notification of Acquisition and Assignment of the Qualifying Holding of the Authorised Capital and/or Voting Rights

The Board of the Bank of Lithuania approved Regulations on a Notification of Acquisition and Assignment of the Qualifying Holding of the Authorised Capital and/or Voting Rights.

The resolution was adopted with a view of implementing Directive 2007/44/EC of the European Parliament and of the Council of 5 September 2007 amending Directive 92/49/EEC of the Council and Directive 2002/83/EC, Directive 2004/39/EC, Directive 2005/68/EC and Directive 2006/48/EC as regards procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase of shareholdings in the financial sector (OJ 2007 L 247, p. 1).

According to the Regulations approved, the Bank of Lithuania is to be notified by the person or a group of persons, wishing to acquire holdings of authorised capital and/or voting rights of a bank or to decrease such holdings of authorised capital and/or voting rights to amount to or exceed 20 per cent, 30 per cent or 50 per cent or to the extent that a bank is brought under control.

Also, a notification is to be submitted by the person wishing to assign holdings of authorised capital and/or voting rights of a bank or to decrease such holdings of authorised capital and/or voting rights to amount to or exceed 20 per cent, 30 per cent or 50 per cent or to the extent that a bank gets out of his control.