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As a publicly listed company in the United
States, ING is required to file certain documents with the American
Securities and Exchange Commission (SEC).
The most common filings with the SEC are the Schedule 13-D,
Schedule 13-G and Form 20-F.
Below is a short description of each of these filings, as well as a
link to the SEC database with ING's respective filings.
Schedule 13D
When a person or group of persons acquires beneficial ownership of
more than 5% of the number of outstanding shares in a class of a
company's equity securities registered under Section 12 of the
Securities Exchange Act of 1934, they must file a Schedule 13D with
the SEC. The term beneficial owner is defined under SEC rules. It
includes any person who directly or indirectly exercises voting
power or investment power (the power to buy or sell the security).
Amendments to earlier filings are marked with '/A'.
ING’s Schedule 13D(/A) filings at SEC
Schedule 13G
Schedule 13G is a much-abbreviated version of Schedule 13D. This
form is only available for use by a limited category of "persons"
(such as banks and insurance companies) and even then only when the
securities were acquired in the ordinary course of business and not
with the purpose or effect of changing or influencing the control
of the issuer. Amendments are generally filed on a yearly basis as
of the end of the calendar year for as long as the interest stays
above 5%. Amendments to earlier filings are marked with '/A'.
This is the Schedule that ING will use in most cases as most equity
investments are acquired in the ordinary course of its insurance
and asset management businesses.
ING’s Schedule 13G(/A) filings at SEC
Note that while Dutch regulatory filings of beneficial ownership
pertain to the percentage held of the issued capital, the US
regulatory filings pertain to the percentage held of a specific
class of registered securities (for instance, common shares
registered under Section 12(b) of the Securities Exchange Act of
1934). As a result of this, filings under US law may differ
considerably from filings under Dutch Law both relative to the
companies for which filings are done and the percentage disclosed.
Form 20-F
This form refers to the registration of securities of Foreign
Private Issuers Pursuant to Section 12(b) or (g) and Annual and
Transition Reports Pursuant to Sections 13 and 15(d). Put simply, a
form 20-F is the annual report according to US accounting rules (US
GAAP).
ING’s Form 20-F filings at SEC
All ING filings in the Edgar database
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