PART 2Amendments to the Act

CHAPTER 8Part 12 of the Act: control over authorised persons

Section 184 (disregarded holdings)I149

M1In section 184 (disregarded holdings)—

I2a

in subsection (4)—

i

in paragraph (a) M2, for the words from “article 4.1.7” to “directive” substitute “ article 2.1.6 of the markets in financial instruments regulation ”;

ii

for paragraph (b), substitute—

b

has a Part 4A permission to carry on one or more investment services and activities;

I2b

in subsection (5), for “credit institution” substitute “ qualifying credit institution ”;

I2c

in subsection (6)—

i

in the opening words and in paragraph (b)), for “credit institution” substitute “ qualifying credit institution ”;

ii

in paragraph (a)(ii), omit the words from “in accordance with” to the end;

I2d

in subsection (7) M3, for “Article 2.1(b) of the UCITS Directive” substitute “ section 237(2) ”;

I1e

in subsection (9A) M4, for the words from “Commission” to “financial instruments” substitute “ the market abuse regulation and the Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures ”.