C1C2C3 Part XII Control Over Authorised Persons

Annotations:
Modifications etc. (not altering text)
C1

Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))

C3

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

Annotations:
Amendments (Textual)
F1

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;

  • F2the appropriate regulator” is to be read in accordance with section 178(2A);

  • credit institution” means—

    1. a

      a credit institution authorised under the F3capital requirements directive; or

    2. 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;

  • shares” has the same meaning as in section 422;

  • UK authorised person” means an authorised person who—

    1. a

      is a body incorporated in, or an unincorporated association formed under the law of, any part of the United Kingdom; and

    2. b

      is not a person authorised as a result of paragraph 1 of Schedule 5; and

  • 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.