PART 5 U.K.Amendments to the Act

Amendment to section 178 of the Act (obligation to notify the appropriate regulator: acquisitions of control) U.K.

44.  After subsection (2) of section 178 M1 of the Act (obligation to notify the appropriate regulator: acquisitions of control) insert—

“(2ZA) This section does not apply if the only regulated activity for which the UK authorised person has a Part 4A permission is the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (administering a benchmark).”.

Marginal Citations

M1 Section 178 was inserted by S.I. 2009/534 and amended by section 26 of the Financial Services Act 2012.