Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 November 2017 - onwards

Regulation 5F Interpretation of Part 5

In Part 5 -

"acquisition" means a transfer of ownership rights which gives rise to a change in the identity of the persons exercising control over the operation of a recognised CSD [Defined in section 285 of the Financial Services and Markets Act 2000 as amended by these Regulations.];

"Article 27 notice" means a notification by a person under Article 27(7) of the CSD regulation of a proposed acquisition;

"assessment period" means the period of 60 working days referred to in Article 27(8) of the CSD regulation;

"control" means the relationship between two undertakings as described in section 1162 of, and Schedule 7 to, the Companies Act 2006 [2006 c.46];

"proposed acquisition" means a decision to transfer ownership rights which gives rise to a change in the identity of the persons exercising control over the operation of a recognised CSD;

"restriction notice" has the meaning given by regulation 5I;