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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
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191D. Obligation to notify the Authority: dispositions of control

(1) A person who decides to reduce or cease to have control over a UK authorised person must give the appropriate regulator notice in writing before making the disposition.

(1A) The PRA must give the FCA a copy of any notice it receives under this section.

(1B) The FCA must give the PRA a copy of any notice it receives under this section which -

(a) relates to a UK authorised person who has as a member of its immediate group a PRA-authorised person, or

(b) is given by a PRA-authorised person.

(2) For the purposes of calculations relating to this section, the holding of shares or voting power by a person (''A1'') includes any shares or voting power held by another (''A2'') if A1 and A2 are acting in concert.

Comparing proposed amendment...