What information is required from investors who hold 5% or less of the voting equity?
Investors holding 5% or less of the voting equity are not subject to detailed questionnaires such as those requested of the Investors who are subject to the Statement of Policy or who are otherwise included in the 1/3 ‘anchor group.’ However, investors holding 5% or less of the voting equity are subject to being included on the List of Investors provided to the FDIC. This list provides: each Investor’s name; type of Investor (i.e. mutual fund, hedge fund, individual); domicile; the number of shares of voting stock and total equity held by the Investor both prior to the capital raise and subsequent to the capital raise; options, warrants, interests convertible into voting stock, and rights to control voting stock owned by others; and shares held by affiliates or immediate family members. III. Secrecy Law Jurisdiction Issues. 1. Does the FDIC review tax information from investors operating through US subsidiaries, but whose parent company operates through or is domiciled in Secrecy Law J
Related Questions
- Can investors with 5% or less of voting equity shares elect to be subject to the statement of policy in order to meet the 1/3 test?
- Are investors really taking to equity products now that fixed income is less attractive?
- Is the 1/3 test for investors based upon voting equity shares or total equity shares?
