s 301A Obligation to notify the FCA : acquisitions of control
(1) A person who decides to acquire or increase control over a recognised investment exchange must give the FCA notice in writing before making the acquisition. (2) A person who acquires or increases control over a recognised investment exchange in circumstances where notice is not required under subsection (1) must give the FCA notice in writing before the end of 14 days beginning with— (a) the day the person acquired or increased the control; or (b) if later, the day on which the person first became aware that the control had been acquired or increased. (3) 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. (4) A notice given under this section is a “section 301A notice” and a person giving notice is a “section 301A notice-giver”. (5) Nothing in this Chapter applies to an overseas investment exchange.