Financial Services and Markets Act 2000

[F1191GInterpretationU.K.

This section has no associated Explanatory Notes

(1) In this Part—

  • “acquisition” means the acquisition of control or of an increase in control over a UK authorised person;

  • [F2“the appropriate regulator” is to be read in accordance with section 178(2A);]

  • F3...

  • [F4“qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.]

  • “shares” has the same meaning as in section 422;

  • “UK authorised person” means an authorised person who—

    (a)

    is a body incorporated in, or an unincorporated association formed under the law of, any part of the United Kingdom; and

    (b)

    is not a person authorised as a result of paragraph 1 of Schedule 5 [F5, or a person treated as having a Part 4A permission to carry on a regulated activity by virtue of regulation 71 of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019]; and

  • “voting power” has the same meaning as in section 422.

(2)For the purposes of this Part, a “working day” is a day other than—

(a)a Saturday or a Sunday; or

(b)a day which is a bank holiday in England and Wales under the M1Banking and Financial Dealings Act 1971.]

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 s. 191G(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(12), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Marginal Citations