# Financial Services and Markets Act 2000, Section 301D: Acquiring and increasing control


(1) For the purposes of this Chapter, a person (“A”) acquires control over a recognised investment exchange (“B”) if any of the cases in subsection (2) begin to apply.
(2) The cases are where A holds—
(a) 20% or more of the shares in B or in a parent undertaking of B (“P”);
(b) 20% or more of the voting power in B or P; or
(c) shares or voting power in B or P as a result of which A is able to exercise significant influence over the management of B.
(3) For the purposes of this Chapter, a person (“A”) increases control over a recognised investment exchange (“B”) whenever—
(a) the percentage of shares which A holds in B or in a parent undertaking of B (“P”) increases from less than 50% to 50% or more;
(b) the percentage of voting power A holds in B or P increases from less than 50% to 50% or more; or
(c) A becomes a parent undertaking of B.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/301D (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-301D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.