Regulation 44 Amendment to section 178 of the Act (obligation to notify the appropriate regulator: acquisitions of control)
After subsection (2) of section 178 M1 of the Act (obligation to notify the appropriate regulator: acquisitions of control) insert—
“(2ZA)This section does not apply if the only regulated activity for which the UK authorised person has a Part 4A permission is the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (administering a benchmark).”.
Annotations
Marginal citations
- M1
Section 178 was inserted by S.I. 2009/534 and amended by section 26 of the Financial Services Act 2012.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 68) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxi)