OpenLegislation

Paragraph 53 The Financial Services and Markets Act 2000 (Transitional Provisions) (Controllers) Order 2001I1

United Kingdom

In the Financial Services and Markets Act 2000 (Transitional Provisions) (Controllers) Order 2001f1—

(a)

in article 2(1) (interpretation), after the definition of “the Act” insert—

  • ““the Authority” means the Financial Services Authority;”;

(b)

in article 12(1) (objection to existing controller: no action taken before commencement), for “Authority” substitute “Financial Conduct Authority or the Prudential Regulation Authority”;

(c)

in article 13 (improperly acquired shares)—

(i)

in paragraph (3)—

(aa)

for “Authority” in the first place it appears substitute “Financial Services Authority”;

(bb)

for “Authority” in the second place it appears substitute “Financial Conduct Authority or the Prudential Regulation Authority”;

(ii)

in paragraph (4)—

(aa)

for “Authority” in the first place it appears substitute “Financial Services Authority”;

(bb)

for “Authority” in the second place it appears substitute “Financial Conduct Authority or the Prudential Regulation Authority”;

(d)

in article 14 (notification on becoming aware of acquisition), for “Authority” substitute “Financial Services Authority, the Financial Conduct Authority or the Prudential Regulation Authority”.

Annotations

Commencement

I1

Sch. 2 para. 53 in force at 1.4.2013, see art. 1(1)

Footnotes

f1

S.I. 2001/2637.