Financial Services and Markets Act 2000

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(1) Approval of an acquisition is effective for such period as the Authority may specify in writing.

(2)Where the Authority has specified a period under subsection (1), it may extend the period.

(3)Where the Authority has not specified a period, the approval is effective for one year beginning with the date—

(a)of the notice given under section 301G(3)(a);

(b)on which the Authority is treated as having given approval under section 301G(5); or

(c)of a decision on a reference to the Tribunal which results in the person receiving approval.]

Textual Amendments