C1C2C3 Part XII Control Over Authorised Persons
Pt. 12 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 62, Sch. 3 para. 4 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 196(5)(d)(e))
Pt. 12 excluded (26.7.2013 for specified purposes, 2.9.2013 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(5), 59(7)
F1Interpretation
Ss. 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)
191GInterpretation
1
In this Part—
“acquisition” means the acquisition of control or of an increase in control over a UK authorised person;
F2“the appropriate regulator” is to be read in accordance with section 178(2A);
“credit institution” means—
- a
a credit institution authorised under the F3capital requirements directive; or
- b
an institution which would satisfy the requirements for authorisation as a credit institution under that directive if it had its registered office (or if it does not have a registered office, its head office) in an EEA State;
- a
“shares” has the same meaning as in section 422;
“UK authorised person” means an authorised person who—
- a
is a body incorporated in, or an unincorporated association formed under the law of, any part of the United Kingdom; and
- b
is not a person authorised as a result of paragraph 1 of Schedule 5; and
- a
“voting power” has the same meaning as in section 422.
2
For the purposes of this Part, a “working day” is a day other than—
a
a Saturday or a Sunday; or
b
a day which is a bank holiday in England and Wales under the M1Banking and Financial Dealings Act 1971.
Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))