{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consultation-with-competent-authorities-regulations-2001/regulation-5",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consultation-with-competent-authorities-regulations-2001/regulation-5.json",
  "legislation": "uksi/2001/2509",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consultation with Competent Authorities) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consultation-with-competent-authorities-regulations-2001",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": null,
  "text": "(1) This paragraph applies where—\n(a) a person (“the acquirer”) proposes to acquire or has acquired control, an additional kind of control or an increase in a relevant kind of control over a UK authorised person in circumstances falling within section 178(1) or (2) of the Act;\n(b) that UK authorised person is an investment firm;\n(c) the acquirer is either—\n(i) an EEA investment firm; or\n(ii) the parent undertaking of an EEA investment firm; and\n(d) as a result of the acquisition or proposed acquisition, the acquirer is or would become a parent undertaking of the UK authorised person.\n(2) This paragraph applies where—\n(a) a person (“the acquirer”) proposes to acquire or has acquired control, an additional kind of control or an increase in a relevant kind of control over a UK authorised person in circumstances falling within section 178(1) or (2) of the Act;\n(b) that UK authorised person has permission to accept deposits (within the meaning of the Regulated Activities Order);\n(c) the acquirer is either—\n(i) an EEA credit institution; or\n(ii) the parent undertaking of an EEA credit institution; and\n(d) as a result of the acquisition or proposed acquisition, the acquirer is or would become a parent undertaking of the UK authorised person.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "substituted",
      "affecting": "uksi/2004/1862",
      "affecting_title": "The Financial Conglomerates and Other Financial Groups Regulations 2004"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2004/1862",
      "affecting_title": "The Financial Conglomerates and Other Financial Groups Regulations 2004"
    },
    {
      "type": "inserted",
      "affecting": "uksi/2004/1862",
      "affecting_title": "The Financial Conglomerates and Other Financial Groups Regulations 2004"
    },
    {
      "type": "word omitted",
      "affecting": "uksi/2007/3255",
      "affecting_title": "The Financial Services and Markets Act 2000 (Reinsurance Directive) Regulations 2007"
    },
    {
      "type": "inserted",
      "affecting": "uksi/2007/3255",
      "affecting_title": "The Financial Services and Markets Act 2000 (Reinsurance Directive) Regulations 2007"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2007/3255",
      "affecting_title": "The Financial Services and Markets Act 2000 (Reinsurance Directive) Regulations 2007"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2013/1773",
      "affecting_title": "The Alternative Investment Fund Managers Regulations 2013"
    },
    {
      "type": "inserted",
      "affecting": "uksi/2003/2066",
      "affecting_title": "The Collective Investment Schemes (Miscellaneous Amendments) Regulations 2003"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2004/1862",
      "affecting_title": "The Financial Conglomerates and Other Financial Groups Regulations 2004"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/2509/regulation/5",
    "retrieved_at": "2026-10-29T07:40:51.457088+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}