[F1Notice of reductions of control of UK authorised personsU.K.
Textual Amendments
F1Ss. 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)
191DObligation to notify the Authority: dispositions of controlU.K.
(1) A person who decides to reduce or cease to have control over a UK authorised person must give the Authority notice in writing before making the disposition.
(2)For the purposes of calculations relating to this section, the holding of shares or voting power by a person (“A1”) includes any shares or voting power held by another (“A2”) if A1 and A2 are acting in concert.
191ERequirements for notices under section 191DU.K.
(1) A notice under section 191D must be in such form, include such information and be accompanied by such documents as the Authority may reasonably require.
(2)The Authority must publish a list of its requirements as to the form, information and accompanying documents for a notice under section 191D.
(3)The Authority may impose different requirements for different cases and may vary or waive requirements in particular cases.]