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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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301I. Objections by the FCA

(1) The FCA may object to a person's control over a recognised investment exchange in any of the circumstances specified in subsection (2).

(2) The circumstances are that the FCA reasonably believes that -

(a) the person acquired or increased control without giving notice under section 301A in circumstances where notice was required; and

(b) there are grounds for objecting to control on the basis of the approval requirement in section 301F(4).

(3) If the FCA proposes to object to a person's control over a recognised investment exchange, it must give that person a warning notice.

(4) If the FCA decides to object to a person's control over a UK authorised person, it must give that person a decision notice.

(5) A person to whom the FCA gives a decision notice under this section may refer the matter to the Tribunal.

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