Financial Services and Markets Act 2000

[F1301AObligation to notify the Authority of acquisition of or increase in controlU.K.
This adran has no associated Nodiadau Esboniadol

(1)If a step which a person proposes to take would result in his acquiring—

(a)control over a recognised investment exchange,

(b)an additional kind of control over an exchange, or

(c)an increase in a relevant kind of control which he already has over an exchange,

he must notify the Authority of his proposal.

(2)A person who, without himself taking any such step, acquires any such control or additional or increased control must notify the Authority before the end of the period of 14 days beginning with the day on which he first becomes aware that he has acquired it.

(3)A person who is under the duty to notify the Authority imposed by subsection (1) must also give notice to the Authority on acquiring, or increasing, the control in question.

(4)A notice under subsection (1) or (2) is referred to in this Chapter as a “notice of control”.

(5)Section 182 applies to a notice of control under this Chapter as it applies to a notice of control under Part 12.

(6)Nothing in this Chapter applies to an overseas investment exchange.]

Textual Amendments