C1C2Part XII Control Over Authorised Persons
Pt. 12 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 62, Sch. 3 para. 4 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 196(5)(d)(e))
Acquiring or increasing control: procedure
C3I1X1188 Notices of objection under section 187: procedure.
C41
If the Authority proposes to give a notice of objection to a person under section 187, it must give him a warning notice.
2
Before doing so, the Authority must comply with such requirements as to consultation with competent authorities outside the United Kingdom as may be prescribed.
C53
If the Authority decides to give a warning notice under this section, it must do so before the end of the period of three months beginning—
a
in the case of a notice to be given under section 187(1), with the date on which it became aware of the failure to comply with the duty in question;
b
in the case of a notice to be given under section 187(3), with the date on which it became aware of the matters in question.
4
The Authority may require the person concerned to provide such additional information or documents as it considers reasonable.
5
Different requirements may be imposed in different circumstances.
6
In this Part “notice of objection” means a notice under section 186 or 187.
Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))