Part XII Control Over Authorised Persons
F1Notice of reductions of control of UK authorised persons
191DObligation to notify the F2appropriate regulator: dispositions of control
(1)
A person who decides to reduce or cease to have control over a UK authorised person must give the F2appropriate regulator notice in writing before making the disposition.
F3(1A)
The PRA must give the FCA a copy of any notice it receives under this section.
(1B)
The FCA must give the PRA a copy of any notice it receives under this section which—
(a)
relates to a UK authorised person who has as a member of its immediate group a PRA-authorised person, or
(b)
is given by a PRA-authorised person.
(2)
For the purposes of calculations relating to this section, the holding of shares or voting power by a person (“A1”) includes any shares or voting power held by another (“A2”) if A1 and A2 are acting in concert.