refuse an application for permission under F2Part 4A made by a body incorporated in, or formed under the law of, any part of the United Kingdom;

defer its decision on such an application either indefinitely or for such period as may be specified in the direction;

give a notice of objection to a person who has served a F3section 178 notice to the effect that he proposes to acquire a 50% stake in a UK authorised person; or

give a notice of objection to a person who has acquired a 50% stake in a UK authorised person without having served the required F4section 178 notice.

any person falling within a class specified in the direction;

future applications, F5section 178 notices or acquisitions.

for the purposes of subsection (1)(a) and (b), is the regulator to which the application for permission under Part 4A is made;

for the purposes of subsection (1)(c) and (d), is the appropriate regulator as defined in section 178(2A).

Article 15(3) of the markets in financial instruments directive;

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Article 29b(4) of the first non-life insurance directive; or

Article 59(4) of the life assurance consolidation directive.

holds 50% or more of the shares in A;

holds 50% or more of the shares in a parent undertaking (“P”) of A;

is entitled to exercise, or control the exercise of, 50% or more of the voting power in A; or

is entitled to exercise, or control the exercise of, 50% or more of the voting power in P.

the acquirer;

any of the acquirer’s associates; or

the acquirer and any of his associates.

F11section 55X does not apply in relation to the refusal; but

the F12regulator must notify the applicant of the refusal and the reasons for it.

the time limit for determining the application mentioned in F14subsections (1) to (3) of section 55V stops running on the day of the deferral and starts running again (if at all) on the day the period specified in the direction (if any) ends or the day the direction is revoked; and

the F15regulator must notify the applicant of the deferral and the reasons for it.

sections 189 and 191 have effect as if the notice was a notice of objection within the meaning of Part XII; and

the F17regulator must state in the notice the reasons for it.

in such a way as they think most suitable for bringing the determination (or withdrawal) to the attention of those likely to be affected by it; and

on, or as soon as practicable after, the date of the determination (or withdrawal).

is an EEA firm as a result of paragraph 5(a), (b) or (d) of Schedule 3; and

is incorporated in, or formed under the law of, an EEA State which is not a member State.

modify Schedule 3 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;

modify Schedule 3 so as to make provision in relation to the exercise by UK firms of rights under the law of Gibraltar which correspond to EEA rights;

modify Schedule 4 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;

modify section 264 so as to make provision in relation to collective investment schemes constituted under the law of Gibraltar;

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

provide for this Act to apply to a Gibraltar recognised scheme as if the scheme were a scheme recognised under section 264.

constituted in an EEA State other than the United Kingdom, and

recognised in Gibraltar under provisions which appear to the Treasury to give effect to the provisions of a relevant F20EU instrument.