Section 191G: Interpretation

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XII: Control Over Authorised Persons

In this Part—

  • "acquisition" means the acquisition of control or of an increase in control over a UK authorised person;

  • "the appropriate regulator" is to be read in accordance with section 178(2A);

  • ...

  • "qualifying credit institution" includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.

  • "shares" has the same meaning as in section 422;

  • "UK authorised person" means an authorised person who—

    (a)is a body incorporated in, or an unincorporated association formed under the law of, any part of the United Kingdom; and

    (b)is not a person authorised as a result of paragraph 1 of Schedule 5 , or a person treated as having a Part 4A permission to carry on a regulated activity by virtue of regulation 71 of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019; and

  • "voting power" has the same meaning as in section 422.

For the purposes of this Part, a "working day" is a day other than—

a Saturday or a Sunday; or
a day which is a bank holiday in England and Wales under the Banking and Financial Dealings Act 1971.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.