WebOct 18, 2024 · On October 14, the Financial Conduct Authority (FCA) published new and updated change of control webpages, including a new page on preparing change of control notifications, and a new page with links WebIf a controller has not made a decision or been involved in the decision to acquire they are exempt from the pre-application requirements and do not require approval. However, …
FCA CHANGE IN CONTROL APPLICATIONS AND FREEDOM OF INFORMATION …
WebOct 18, 2024 · On October 14, the Financial Conduct Authority (FCA) published new and updated change of control webpages, including a new page on preparing change of control notifications, and a new page with links to the forms required to submit a notification for a change of control. The FCA noted that firms sometimes submit a business plan … WebJan 4, 2024 · The FCA has updated its webpage on change in control notifications to announce the publication of new forms to be used by persons wishing to become a controller of a firm authorised under MiFID II. The FCA notes that a notification should be sent as soon as a decision has been made to acquire a control in an authorised firm. ia online access
SIFA 12.3 Change of controller - FCA Handbook
WebNov 26, 2024 · The Financial Conduct Authority has admitted its response times are not good enough when it comes to change in control application processes. At its annual … WebSep 11, 2024 · This Practice Note provides an overview of the obligations of controllers to notify the appropriate regulator when decreasing or ceasing control in a UK authorised firm. The PRA requirements are set out in the Change in Control Part of the PRA Rulebook, and the FCA requirements are set out in Chapter 11 of the Supervision manual in the FCA ... WebWhat is the change in control regime? Under Part 12 of the UK’s Financial Services and Markets Act 2000 (‘FSMA’), controllers and prospective controllers of a regulated … ia on ingersol