[182 Increasing control]
[182 Increasing control]

[(1)     For the purposes of this Part, a person (“A”) increases control over a UK authorised person (“B”) whenever—

(a)     the percentage of shares which A holds in B or in a parent undertaking of B (“P”) increases by any of the steps mentioned in subsection (2);

(b)     the percentage of voting power A holds in B or P increases by any of the steps mentioned in subsection (2); or

(c)     A becomes a parent undertaking of B.

(2)     The steps are—

(a)     from less than 20% to 20% or more;

(b)     from less than 30% to 30% or more;