# The Financial Services and Markets Act 2000 (Consultation with Competent Authorities) Regulations 2001, Regulation 5


(1) This paragraph applies where—
(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;
(b) that UK authorised person is an investment firm;
(c) the acquirer is either—
(i) an EEA investment firm; or
(ii) the parent undertaking of an EEA investment firm; and
(d) as a result of the acquisition or proposed acquisition, the acquirer is or would become a parent undertaking of the UK authorised person.
(2) This paragraph applies where—
(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;
(b) that UK authorised person has permission to accept deposits (within the meaning of the Regulated Activities Order);
(c) the acquirer is either—
(i) an EEA credit institution; or
(ii) the parent undertaking of an EEA credit institution; and
(d) as a result of the acquisition or proposed acquisition, the acquirer is or would become a parent undertaking of the UK authorised person.

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Source: https://www.legislation.gov.uk/uksi/2001/2509/regulation/5 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consultation-with-competent-authorities-regulations-2001/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.