# Financial Services and Markets Act 2000, Section 301H: Duration of approval

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

(1) Approval of an acquisition is effective for such period as the FCA may specify in writing.
(2) Where the FCA has specified a period under subsection (1), it may extend the period.
(3) Where the FCA has not specified a period, the approval is effective for one year beginning with the date—
(a) of the notice given under section 301G(3)(a);
(b) on which the FCA is treated as having given approval under section 301G(5); or
(c) of a decision on a reference to the Tribunal which results in the person receiving approval.

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