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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 June 2009 - onwards
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Regulation 40 Interpretation and effect: Part 8

(1) In this Part -

"assessment period" in relation to a proposed acquisition, means the period during which, under Regulation 41, the Bank is required to complete the assessment of the acquisition, and includes any extension of that period under paragraph (7) or (9) of that Regulation;

"parent undertaking" has the same meaning as in the European Communities (Companies: Group Accounts) Regulations 1992 (S.I. No. 201 of 1992);

"prescribed percentage" means 20%, 33% or 50%;

"proposed acquirer" has the meaning given by paragraph (2);

"proposed acquisition" has the meaning given by paragraph (3);

"subsidiary" has the same meaning as in the European Communities (Companies: Group Accounts) Regulations 1992;

"working day" means a day that is not a Saturday nor a Sunday nor a public holiday within the meaning of the Organisation of Working Time Act 1997 (No. 20 of 1997).

(2) A reference in this Part to a "proposed acquirer" is a reference to a person who proposes to acquire or increase a qualif

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