Bank of Lithuania Announced Results of Board Meeting
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
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.
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