Article 11 MiFID IINotification of proposed acquisitions

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Anyone deciding to acquire or increase a qualifying holding in an investment firm so as to reach 20%, 30% or 50% or control must first notify the firm's competent authority, and disposals or reductions below those thresholds must also be notified. Underwriting holdings disposed of within a year are disregarded; authorities must consult each other where the acquirer is a regulated financial entity from another Member State or sector, and firms must report changes they become aware of.