# The Central Securities Depositories Regulations 2014, 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;
“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
“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;
“shares” has the meaning given by section 422 of the Act (controller), but section 422A of the Act (disregarded holdings) does not apply;
“voting power” has the meaning given by section 422 of the Act;
“working day” means a day other than—
(a)Saturday or Sunday,
(b)Christmas Day or Good Friday, or
(c)a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2014/2879/regulation/5F (the official version)
Page: https://openlegislation.uk/central-securities-depositories-regulations-2014/regulation-5F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.