Legal Due Diligence · glossary
A stake in a licensed firm of 10% or more, or one that gives significant influence. The buyer needs the regulator's approval before acquiring it. The CBI's assessment of Atlas was Sunrise's condition to completion. Report §5.2 · Chapter 8
Explained in Chapter 8, Regulatory, Compliance and AML, of Legal Due Diligence.
The main page for this term is Qualifying holding, in Crypto-Asset Regulation.
In most deals the parties can complete as soon as they are ready, but a licensed target is different. Anyone who buys a qualifying holding in a licensed firm needs the regulator's approval first. A qualifying holding is broadly a stake of 10% or more, or one that gives significant influence. Atlas is buying all the shares.Read Chapter 8, Regulatory, Compliance and AML →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Legal Due Diligence and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Legal Due Diligence → · All terms A–Z →