Section 181: Reducing control
359.This section sets out the circumstances in which a reduction in a person’s control causes them to be subject to the obligation to notify the Authority under section 190. These are that a person’s shareholding or voting power must cross one of the thresholds set out in subsection (2), or they must cease to be a parent of the UK authorised person. The level of these thresholds is as for an increase in control and again they are determined largely by the single market directives.
