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Regulatory incomprehensibility

  • cawkwell2
  • Dec 23, 2025
  • 1 min read

Where a shareholding is required to be filed with the regulators it is necessary to fill in a "TR-1: Standard form for notification of major holdings". I find this form almost impossible to understand and frequently give up trying to understand it. However, given that a partner in Slaughter and May advised me that he, possessed of a first class degree in law from Oxford University into the bargain, felt exactly the same as I did one does wonder whether the regulators have the modesty to accept that they have made a mess of matters and to correct it.

 
 
 

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