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Changes over time for: Cross Heading: Notices of acquisitions of control over recognised investment exchanges
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2013
Status:
Point in time view as at 24/01/2013.
Changes to legislation:
Financial Services and Markets Act 2000, Cross Heading: Notices of acquisitions of control over recognised investment exchanges is up to date with all changes known to be in force on or before 30 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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[Notices of acquisitions of control over recognised investment exchangesU.K.
301AObligation to notify [the FCA]: acquisitions of controlU.K.
(1) A person who decides to acquire or increase control over a recognised investment exchange must give [the FCA] 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 FCA] 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 noticesU.K.
(1) A section 301A notice must be in such form, include such information and be accompanied by such documents as the [FCA] may reasonably require.
(2)The [FCA] must publish a list of its requirements as to the form, information and accompanying documents for a section 301A notice.
(3)The [FCA] may impose different requirements for different cases and may vary or waive requirements in particular cases.
301CAcknowledgment of receiptU.K.
(1) The [FCA] must acknowledge receipt of a section 301A notice in writing before the end of the second working day following receipt.
(2)If the [FCA] receives an incomplete section 301A notice it must inform the section 301A notice-giver as soon as reasonably practicable.]
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