Version Superseded: 29/08/2023
Point in time view as at 01/04/2013. This version of this provision has been superseded.
Financial Services and Markets Act 2000, Section 187 is up to date with all changes known to be in force on or before 01 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1) The [F2appropriate regulator] may impose conditions on its approval of an acquisition.
[F3(2)The appropriate regulator may only impose conditions where—
(a)if it did not impose those conditions, it would propose to object to the acquisition, or
(b)it is required to do so by a direction under section 187A(3)(b) or section 187B(3).]
(3)The [F2appropriate regulator] may not impose conditions requiring a particular level of holding to be acquired.
(4)The [F2appropriate regulator] may vary or cancel the conditions.]
Editorial Information
X1The substitution of ss. 178-191G for ss. 178-191 on 21.3.2009 which involves the insertion of several new headings in Pt. XII gives rise to a change in the structure of this legislation on SLD which breaks the continuity of historical versions of the existing provisions which are now brought under those new headings.
Textual Amendments
F1Ss. 178-191G and cross-headings substituted (21.3.2009) for ss. 178-191 and cross-headings by The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 3, Sch. 1 (with reg. 8)
F2Words in Pt. 12 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(2), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3S. 187(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(5), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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