C1Part XVIII Recognised Investment Exchanges and Clearing Houses
F1CHAPTER 1ACONTROL OVER RECOGNISED INVESTMENT EXCHANGE
Pt. 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)
Notices of acquisitions of control over recognised investment exchanges
301AObligation to notify the Authority: acquisitions of control
1
A person who decides to acquire or increase control over a recognised investment exchange must give the Authority notice in writing before making the acquisition.
2
A person who acquires or increases control over a recognised investment exchange in circumstances where notice is not required under subsection (1) must give the Authority notice in writing before the end of 14 days beginning with—
a
the day the person acquired or increased the control; or
b
if later, the day on which the person first became aware that the control had been acquired or increased.
3
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.
4
A notice given under this section is a “section 301A notice” and a person giving notice is a “section 301A notice-giver”.
301BRequirements for section 301A notices
1
A section 301A notice 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 section 301A notice.
3
The Authority may impose different requirements for different cases and may vary or waive requirements in particular cases.
301CAcknowledgment of receipt
1
The Authority must acknowledge receipt of a section 301A notice in writing before the end of the second working day following receipt.
2
If the Authority receives an incomplete section 301A notice it must inform the section 301A notice-giver as soon as reasonably practicable.
Pt. 18 applied in part (with modifications) (12.12.2011) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2 (as amended (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 37 (with regs. 7(4), 9(1)))