The Disclosure of Interests in Shares (Amendment) Regulations 1993
These Regulations amend Part VI of the Companies Act 1985, which imposes an obligation to disclose certain interests in shares comprised in certain issued share capital of public companies. Exemptions from that obligation, contained in that Part and in the Public Company (Disclosure of Interests in Shares) (Exclusions) Regulations 1982(S.I. 1982/677) and the Public Company (Disclosure of Interests in Shares) (Investment Management Exclusion) Regulations 1988 (S.I. 1988/706) and paragraph 48 of Schedule 10 to the Banking Coordination (Second Council Directive) Regulations 1992 (S.I. 1992/3218, which amended S.I. 1988/706) are amended or superseded. In some cases the changes made are because continuance of certain exemptions in their present form would be incompatible with Council Directive 88/627/EEC on the information to be published when a major holding in a listed company is acquired or disposed of. The Regulations come into force on the sixtieth day after the day on which they are made.