(1) Approval of an acquisition (whether granted unconditionally or subject to conditions) is effective for such period as the [F2appropriate regulator] may specify in writing.
(2)Where the [F2appropriate regulator] has specified a period under subsection (1), it may extend the period.
(3)Where the [F2appropriate regulator] has not specified a period, the approval is effective for one year beginning with the date—
(a)of the notice given under section 189(4)(a) or (b)(i);
(b)on which the [F2appropriate regulator] is treated as having given approval under section 189(6); or
(c)of a decision on a reference to the Tribunal which results in the person receiving approval.]
Editorial Information
X1The substitution of ss. 178-191G for ss. 178-191 on 21.3.2009 which involves the insertion of several new headings in Pt. XII gives rise to a change in the structure of this legislation on SLD which breaks the continuity of historical versions of the existing provisions which are now brought under those new headings.
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)
F2Words in Pt. 12 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(2), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
