[F1301IObjections by the [F2FCA]U.K.
(1) The [F2FCA] may object to a person's control over a recognised investment exchange in any of the circumstances specified in subsection (2).
(2)The circumstances are that the [F2FCA] reasonably believes that—
(a)the person acquired or increased control without giving notice under section 301A in circumstances where notice was required; and
(b)there are grounds for objecting to control on the basis of the approval requirement in section 301F(4).
(3)If the [F2FCA] proposes to object to a person's control over a recognised investment exchange, it must give that person a warning notice.
(4)If the [F2FCA] decides to object to a person's control over a UK authorised person, it must give that person a decision notice.
(5)A person to whom the [F2FCA] gives a decision notice under this section may refer the matter to the Tribunal.]
Textual Amendments
F1Pt. 18 Ch. 1A substituted (21.3.2009) by virtue of The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 5, Sch. 2 (with reg. 8)
F2Word in s. 301I(1)-(5) substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 8 para. 29 (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.