Part XII Control Over Authorised Persons

F1Interpretation

191GInterpretation

(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.