C1 Part XVIII Recognised Investment Exchanges and Clearing Houses

Annotations:
Modifications etc. (not altering text)

F1CHAPTER 1ACONTROL OVER RECOGNISED INVESTMENT EXCHANGE

Annotations:
Amendments (Textual)

Interpretation

301MInterpretation

1

 In this Chapter—

  • “acquisition” means the acquisition of control or of an increase in control over a recognised investment exchange;

  • “credit institution” means—

    1. a

      a credit institution authorised under the banking consolidation 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; and

  • “shares” and “voting power” have the same meaning as in section 422.

2

For the purposes of this Chapter, 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 Banking and Financial Dealings Act 1971.