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30. In this Part “relevant proxy advisor services” means proxy advisor services provided to a shareholder with respect to the shares of any company where—
(a)the company’s registered office is situated in the United Kingdom or another EEA State, or in Gibraltar; and
(b)the shares are admitted to trading on a regulated market situated or operating within the United Kingdom or another EEA State, or in Gibraltar.
31.—(1) The FCA must maintain a public list of proxy advisors.
(2) The FCA must publish the list in such manner and at such times as it may determine.
(3) Any person (“P”) who is a proxy advisor must notify the FCA that P is providing relevant proxy advisor services and apply for admission to the public list in such manner as the FCA may direct.
(4) A person who is a proxy advisor on 10th June 2019 or becomes a proxy advisor at any time before 25th March 2020 must give notice under paragraph (3) no later than 1st April 2020.
(5) A person (“P”) who becomes a proxy advisor on or after 25th March 2020 must give notice under paragraph (3) no later than the end of the period of 7 days beginning with the date on which P becomes a proxy advisor.
(6) The FCA must admit to the public list every proxy advisor who gives notice under paragraph (3).
32.—(1) Where a person (“P”) who has been admitted to the public list ceases to be a proxy advisor, P must notify the FCA that P has ceased to be a proxy advisor, and upon receipt of P’s notice the FCA must remove P from the list.
(2) The FCA may remove P from the public list if it is satisfied that P has ceased to be a proxy advisor and has failed to give notice under paragraph (1).
(3) Where P ceases to be a proxy advisor by reason of ceasing to provide proxy advisor services, P must give notice under paragraph (1) no later than the end of the period of 7 days beginning with the date on which it ceases to provide those services.
(4) Where P is no longer providing relevant proxy advisor services (but has not ceased to provide other proxy advisor services), P must give notice under paragraph (1) no later than the end of the period of twelve months beginning with the date on which it was last engaged in the provision of relevant proxy advisor services.
(5) Where P ceases to be a proxy advisor by reason of ceasing to have its registered office or head office in the United Kingdom, P must give notice under paragraph (1) on the date on which it ceases to have its registered office or head office in the United Kingdom.
(6) Where P ceases to be a proxy advisor by reason of ceasing to have an establishment located in the United Kingdom through which it provides relevant proxy advisor services, P must give notice under paragraph (1) on the date on which it ceases to have such an establishment in the United Kingdom.
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