(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.