FRANCE PLANS TIGHTER SHAREHOLDING DISCLOSURE LEVELS
The French government plans new
legislation this year which will lower the thresholds at which
investors in companies must declare their shareholdings, Bourse
officials said.
    The new rules, part of a scheme to provide more openness in
corporate ownership structure, will lower the initial
declaration threshold to five pct of a company's capital.
    Under current rules, an investor has to notify the Bourse
supervisory commission when a holding exceeds 10 pct, and again
at 33 pct and 50 pct. The officials said a 20 pct level has
also been added to the scale.
 Reuter
