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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 April 2011 - onwards
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Regulation 37 Interpretation

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 an electronic money 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 an electronic money 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 an electronic money institution, means a direct or indirect holding -(a) that represents 10% or more of the capital of, or the voting rights in, the electronic money institution, or(b) that makes it possible to exercise a significant influence over the management of the electronic money institution.

Comparing proposed amendment...