{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-191A",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-191A.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/191A",
  "kind": "section",
  "number": "191A",
  "heading": "Objection by the appropriate regulator",
  "text": "(1) The appropriate regulator may object to a person's control over a UK authorised person in any of the circumstances specified in subsection (2).\n(2) The circumstances are that the appropriate regulator reasonably believes that—\n(a) the person acquired or increased control without giving notice under section 178(1) in circumstances where notice was required;\n(b) the person is in breach of a condition imposed under section 187; or\n(c) there are grounds for objecting to control on the basis of the matters in section 186.\n(3) The appropriate regulator—\n(a) must take into account whether influence exercised by the person is likely to operate to the detriment of the sound and prudent management of the UK authorised person; and\n(b) may take into account whether the person has co-operated with any information requests made or requirements imposed by the appropriate regulator.\n(4) If the appropriate regulator proposes to object to a person's control over a UK authorised person, it must give that person a warning notice.\n(4A) Where the appropriate regulator is the PRA, it must consult the FCA before giving a warning notice under this section.\n(4B) Where the appropriate regulator is the FCA, it must consult the PRA before giving a warning notice under this section if—\n(a) the UK authorised person has as a member of its immediate group a PRA-authorised person, or\n(b) the person to whom the warning notice is to be given is a PRA-authorised person.\n(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(6) If the appropriate regulator decides to object to a person's control over a UK authorised person, it must give that person a decision notice.\n(7) A person to whom the appropriate regulator gives a decision notice under this section may refer the matter to the Tribunal.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 178-191G and cross-headings substituted (21.3.2009) for ss. 178-191 and cross-headings by The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 3, Sch. 1 (with reg. 8)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Pt. 12 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(2), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 191A(4A)(4B) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(7), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 191A(5) omitted (31.12.2020) by virtue of The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 55; 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/191A",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}