A qualifying holding - i.e. a DNO obligation – is involved in the following cases.
- You or your company will acquire a direct or indirect holding representing 10% or more of an enterprise's issued share capital.
- You or your company can exercise directly or indirectly 10% or more of the voting rights in a company, or you have comparable control.
In determining the number of voting rights of holders of participating interests in an enterprise, we also take into account the votes that the holder has or is deemed to have. Control comparable with voting rights may comprise special rights in respect of appointment, dismissal or suspension of management or supervisory board members of the financial enterprise.
You may also have to apply for a DNO if you plan to expand shareholdings or majority shareholdings. If expanding your current shareholding means that you exceed the lower limit of 10%, you will need a DNO for expanding your shareholding. DNO's are issued in bandwidths; if you exceed the bandwidth when expanding your holding, you will also need a new or amended DNO.