In this Chapter -
"prescribed percentage" means 20%, 30% or 50%;
"proposed acquirer" means a person who proposes to acquire or increase a qualifying holding in a payment institution, and includes a group of persons acting in concert to acquire or increase such a holding;
"proposed acquisition" means - (a) the proposed acquisition of a qualifying holding in a payment institution, or (b) a proposed increase in a qualifying holding in such an institution that results in the size of the holding reaching or exceeding a prescribed percentage;
"qualifying holding" in relation to a payment institution, means a direct or indirect holding - (a) that represents 10% or more of the capital of, or the voting rights in, the payment institution, or (b) that makes it possible to exercise a significant influence over the management of the payment institution.