When does the obligation to report major shareholdings arise when someone has deceased?
The reporting duty for an estate to notify of a disposal of major shareholdings for the deceased person arises on the day when the deed of the estate distribution has been signed by all the beneficiaries of the estate.
The notification of the changes in major shareholdings shall be received by the company and Finansinspektionen on the trading day after the signing.
For beneficiaries of the estate who through inheritance receive a shareholding resulting in a threshold being reached or crossed, the same applies that the notification shall be received not later than the trading day after the distribution of the estate.
If there is only one beneficiary of the estate, then he or she takes possession of the inheritance when the estate inventory has been registered. The estate shall notify of the reduction in major shareholdings and the inheritor shall notify of the increase in major shareholdings not later than the day after.
If a beneficiary before the distribution acquires or transfers shares and this results in a reporting obligation, then the standard regulations for notification of changes in major shareholdings apply.
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