C1C2C3C4C5C6 Part XII Control Over Authorised Persons

Annotations:
Modifications etc. (not altering text)
C1

Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))

C3

Pt. 12 excluded (26.7.2013 for specified purposes, 2.9.2013 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(5), 59(7)

C4

Pt. 12 applied (with modifications) (13.8.2017 for specified purposes, 13.10.2017 in so far as nt already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(b)(iii)(3)(c), Sch. 6 para. 5 (with reg. 3)

C6

Pt. 12 modified (E.W.S.) (29.11.2018 for specified purposes, 1.4.2019 in so far as not already in force) by The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018 (S.I. 2018/1253), arts. 1(2)(3), 83(10)

F1Interpretation

Annotations:
Amendments (Textual)
F1

Ss. 178-191G and cross-headings substituted (21.3.2009) for ss. 178-191 and cross-headings by The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 3, Sch. 1 (with reg. 8)

191GInterpretation

1

 In this Part—

  • “acquisition” means the acquisition of control or of an increase in control over a UK authorised person;

  • F2“the appropriate regulator” is to be read in accordance with section 178(2A);

  • F3...

  • F5“qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.

  • “shares” has the same meaning as in section 422;

  • “UK authorised person” means an authorised person who—

    1. a

      is a body incorporated in, or an unincorporated association formed under the law of, any part of the United Kingdom; and

    2. b

      is not a person authorised as a result of paragraph 1 of Schedule 5 F4, or a person treated as having a Part 4A permission to carry on a regulated activity by virtue of regulation 71 of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019; and

  • “voting power” has the same meaning as in section 422.

2

For the purposes of this Part, a “working day” is a day other than—

a

a Saturday or a Sunday; or

b

a day which is a bank holiday in England and Wales under the M1Banking and Financial Dealings Act 1971.