[301F Assessment: general]

[Assessment procedure]

[301F  Assessment: general]

[(1)     Where the [FCA] receives a section 301A notice, it must—

(a)     determine whether to approve the acquisition to which it relates; or

(b)     propose to object to the acquisition.

(2)     In making its determination the [FCA] must—

(a)     consider the suitability of the section 301A notice-giver and the financial soundness of the acquisition in order to ensure the sound and prudent management of the recognised investment exchange in question; and

(b)     have regard to the likely influence that the section 301A notice-giver will have on the recognised investment exchange.

(3)     The [FCA] may only object to an acquisition

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