C1 Part XVIII Recognised Investment Exchanges and Clearing Houses

Annotations:
Modifications etc. (not altering text)

F1CHAPTER 1ACONTROL OVER RECOGNISED INVESTMENT EXCHANGE

Annotations:
Amendments (Textual)

Enforcement procedures

301IObjections by the F2FCA

1

 The F2FCA may object to a person's control over a recognised investment exchange in any of the circumstances specified in subsection (2).

2

The circumstances are that the F2FCA reasonably believes that—

a

the person acquired or increased control without giving notice under section 301A in circumstances where notice was required; and

b

there are grounds for objecting to control on the basis of the approval requirement in section 301F(4).

3

If the F2FCA proposes to object to a person's control over a recognised investment exchange, it must give that person a warning notice.

4

If the F2FCA decides to object to a person's control over a UK authorised person, it must give that person a decision notice.

5

A person to whom the F2FCA gives a decision notice under this section may refer the matter to the Tribunal.