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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000

2000 CHAPTER 8

Commentary on Sections

Part Xii: Control Over Authorised Persons

Section 187: Objection to existing control

374.This section provides the Authority with the power to object to an existing controller if it is satisfied that the approval requirements are not met or that a condition imposed under section 185 has been breached.  The Authority may also object to a person who acquired or increased control without notifying the Authority in the required manner.

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