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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 March 2009 - onwards
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182. Increasing control

(1) For the purposes of this Part, a person (''A'') increases control over a UK authorised person (''B'') whenever -

(a) the percentage of shares which A holds in B or in a parent undertaking of B (''P'') increases by any of the steps mentioned in subsection (2);

(b) the percentage of voting power A holds in B or P increases by any of the steps mentioned in subsection (2); or

 

(c) A becomes a parent undertaking of B.

(2) The steps are -

(a) from less than 20% to 20% or more;

(b) from less than 30% to 30% or more;

(c) from less than 50% to 50% or more.

Comparing proposed amendment...