Part XVIIIRecognised investment exchanges, clearing houses and CSDs

F1CHAPTER 1ACONTROL OVER RECOGNISED INVESTMENT EXCHANGE

Assessment procedure

301HDuration of approval

(1)

 Approval of an acquisition is effective for such period as F2the FCA may specify in writing.

(2)

Where F3the FCA has specified a period under subsection (1), it may extend the period.

(3)

Where F4the FCA has not specified a period, the approval is effective for one year beginning with the date—

(a)

of the notice given under section 301G(3)(a);

(b)

on which F4the FCA is treated as having given approval under section 301G(5); or

(c)

of a decision on a reference to the Tribunal which results in the person receiving approval.