FSMA controllers regime: change of control applications | Practical Law
This note provides an overview of the notifications that controllers or potential controllers of authorised firms should make to the FCA or the PRA, as appropriate, about a change of control under Part 12 of the Financial Services and Markets Act 2000 (FSMA) (sometimes referred to as a change in control). The note also considers the notifications that authorised firms are expected to make to their regulator when a change of control occurs.