# Financial Services and Markets Act 2000, Section 191D: Obligation to notify the appropriate regulator: dispositions of control

Extent: E+W+S+N.I.

(1) A person who decides to reduce or cease to have control over a UK authorised person must give the appropriate regulator notice in writing before making the disposition.
(1A) The PRA must give the FCA a copy of any notice it receives under this section.
(1B) The FCA must give the PRA a copy of any notice it receives under this section which—
(a) relates to a UK authorised person who has as a member of its immediate group a PRA-authorised person, or
(b) is given by a PRA-authorised person.
(2) For the purposes of calculations relating to this section, the holding of shares or voting power by a person (“A1”) includes any shares or voting power held by another (“A2”) if A1 and A2 are acting in concert.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/191D (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-191D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.