Cision News Announces New Reporting Form Requirements

Cision News has announced the implementation of the TR-1 Standard form, a new requirement for reporting major holdings. The directive became effective on March 22, 2021.

The TR-1 form is mandatory for notifications concerning voting rights held in issuers whose shares are admitted to trading on UK regulated markets. All submissions must be completed and filed via the Electronic Submission System (ESS).

This update impacts entities that hold significant stakes in companies listed on UK exchanges and are required to disclose their positions. The change is part of ongoing regulatory updates aimed at increasing transparency in financial markets.

Cision News's announcement serves to inform relevant parties of the procedural changes and the necessity of adhering to the new reporting standards.