[178 Obligation to notify the [appropriate regulator]: acquisitions of control]
[178 Obligation to notify the [appropriate regulator]: acquisitions of control]

[(1)     A person who decides to acquire or increase control over a UK authorised person must give the [appropriate regulator] notice in writing before making the acquisition.

(2)     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.

[(2ZA)     This section does not apply if the only regulated activity for which the UK authorised person has a Part 4A permission is the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (administering a benchmark).]

[(2A)     In this Part, “the appropriate regulator” means—