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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 24 January 2013 - onwards
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301H. Duration of approval

(1) Approval of an acquisition is effective for such period as the FCA may specify in writing.

(2) Where the FCA has specified a period under subsection (1), it may extend the period.

(3) Where the FCA has not specified a period, the approval is effective for one year beginning with the date -

(a) of the notice given under section 301G(3)(a);

(b) on which the FCA is treated as having given approval under section 301G(5); or

(c) of a decision on a reference to the Tribunal which results in the person receiving approval.

Comparing proposed amendment...