From http://business.brisbanetimes.com.au/seizure-of-stock-raises-questions/20080403-23ia.html
ONE month after the regulator flashed a warning reminding investors to file substantial shareholder notices, ANZ has failed to release a single one despite having seized hundreds of millions of dollars worth of stock once held by clients of Opes Prime.
But while Merrill has released a couple of substantial shareholder notices - which are required when investors take a 5 per cent stake in a company - ANZ has so far kept mum.
The Australian Securities and Investment Commission did not comment yesterday, but in early March reminded stock lenders and borrowers to examine "their obligations to lodge substantial holding notices". The release referred to ASIC's view that lending and borrowing stock should not be treated differently from other ownership arrangements.
A spokeswoman for ANZ said "the substantial shareholder notices and our disclosure obligations are currently the subject of legal review by ANZ".
"ANZ operating as good corporate citizens"
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