C1C2Part XII Control Over Authorised Persons

Annotations:
Modifications etc. (not altering text)
C1

Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))

F1Assessment procedure

Annotations:
Amendments (Textual)
F1

Ss. 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)

X1191Duration of approval

1

 Approval of an acquisition (whether granted unconditionally or subject to conditions) is effective for such period as the Authority may specify in writing.

2

Where the Authority has specified a period under subsection (1), it may extend the period.

3

Where the Authority has not specified a period, the approval is effective for one year beginning with the date—

a

of the notice given under section 189(4)(a) or (b)(i);

b

on which the Authority is treated as having given approval under section 189(6); or

c

of a decision on a reference to the Tribunal which results in the person receiving approval.