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QUESTIONS AND ANSWERS TRANSPARENCY FOR FIRMS HOLDING OR CONTROLLING CLIENT ASSETS OR DEALING IN INSURANCE MONIES Q1:Who will need an endorsement under the new requirements in GEN? A:An endorsement
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Transparency for firms holding refers to the disclosure of relevant information about a company's ownership structure, shareholders, and other significant data.
Firms holding are required to file transparency reports to ensure visibility and accountability in the financial market.
Transparency for firms holding can be filled out by providing accurate and up-to-date information about the company's ownership, shareholders, and other key details in the designated forms.
The purpose of transparency for firms holding is to promote trust, accountability, and integrity in the financial market by providing stakeholders with relevant information about a company's ownership structure.
Information that must be reported on transparency for firms holding includes details about the company's shareholders, ownership percentages, voting rights, and any significant changes in ownership.
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