According to non-UK issuer DTR 5 rules, how frequently must disclosures be made?

Disclosures under the non-UK issuer DTR 5 rules are required to be made at specific intervals, which can vary depending on the level of ownership and the nature of the shares involved. Specifically, the rules stipulate that significant shareholders must report their holdings when they reach certain thresholds, typically set at 3% and for every subsequent 1% change in ownership. This means that disclosures need to occur at defined points or intervals related to the percentage of shares held, ensuring that the market is kept informed about significant changes in ownership which could affect the stock's liquidity and the company’s governance. This framework is designed to provide transparency and protect market integrity, as it allows investors and market participants to be aware of substantial movements in share ownership that may influence trading decisions.