[301I Objections by the [FCA]]
[301I Objections by the [FCA]]

[(1)     The [FCA] may object to a person's control over a recognised investment exchange in any of the circumstances specified in subsection (2).

(2)     The circumstances are that the [FCA] reasonably believes that—

(a)     the person acquired or increased control without giving notice under section 301A in circumstances where notice was required; and

(b)     there are grounds for objecting to control on the basis of the approval requirement in section 301F(4).

(3)     If the [FCA] proposes to object to a person's control over a recognised investment exchange, it must give that person a warning notice.

(4)     If the [FCA] decides to object to a person's control over a UK authorised person, it must give that person a decision notice.

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