Declarations of holdings

I cannot now recite how the rules relating to disclosure of holdings developed. The idea was that the market would be properly informed as to how interest in a quoted stock was developing. However, the reality is that the filing efforts required are now absurd and I know I am right about this contempt for regulators since a chum who was then a partner in Slaughter and May and arguably one of the best corporate lawyers in the country said that he found the disclosure requirements were onerous and offered to the market in virtually incomprehensible forms. I hesitate to say that things can only get better from here but they cannot get worse and therefore those who govern us should make the effort to get it right and leave us punters alone.