Part XII Control Over Authorised Persons

F1Interpretation

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;

“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

“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.