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2017 changes in summary1. Residential property Participation in close companies Partnership interests Relevant loans Proceeds of sale or repayment Collateral2. Benefits and capital payments 3. Remittance
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Participations in close are forms that provide information about individuals who hold a certain percentage of ownership in a company that is not publicly traded.
Individuals or entities that meet the ownership threshold set by regulatory authorities are required to file participations in close.
Participations in close can typically be filled out online through the relevant regulatory authority's website or by submitting a physical form via mail or in person.
The purpose of participations in close is to provide transparency and ensure that regulatory authorities have accurate information about ownership stakes in companies.
Information such as the name of the individual/entity holding the ownership stake, the percentage of ownership, and any relevant financial information may need to be reported on participations in close.
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