Retained EU Law SI 2017/1946 United Kingdom

Commission Delegated Regulation (EU) 2017/1946 of 11 July 2017 supplementing Directives 2004/39/EC and 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for an exhaustive list of information to be included by proposed acquirers in the notification of a proposed acquisition of a qualifying holding in an investment firm (Text with EEA relevance)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person11

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art002 Information to be provided by the proposed acquirer Regulated
  • Provide acquisition information to the competent authorityAny Person
s.art003 General information relating to the identity of the proposed acquirer Regulated
  • Provide identification information when notifying a proposed acquisition of a qualifying holdingAny Person
s.art005 Additional information relating to the proposed acquirer that is a legal person Regulated
  • Provide detailed information to the FCA when acquiring a stake in an investment firmAny Person
s.art006 Information on the persons that will effectively direct the business of the target entity Regulated
  • Submit detailed information on new business directors to the regulatorAny Person
s.art007 Information relating to the proposed acquisition Regulated
  • Provide detailed acquisition information to the regulatorAny Person
s.art008 Information on the new proposed group structure and its impact on supervision Regulated
  • Analyse and report post-acquisition group structure and supervision impactAny Person
s.art009 Information relating to the financing of the proposed acquisition Regulated
  • Provide detailed funding information for proposed acquisition of an investment firmAny Person
s.art010 Additional information for qualifying holdings of up to 20 % Regulated
  • Provide strategy document to regulator when acquiring up to 20% stake in an investment firmAny Person
s.art011 Additional requirements for qualifying holdings between 20 % and 50 % Regulated
  • Provide a strategy document to the FCA when acquiring 20% to 50% of an investment firmAny Person
s.art012 Additional requirements for qualifying holdings of 50 % or more Regulated
  • Provide a business plan to the regulator for a 50%+ qualifying holdingAny Person
s.art013 Reduced information requirements Regulated
  • Submit reduced information for acquiring a qualifying holding in an investment firmAny Person
3 other provisions — procedural and definitional
s.art001 Subject matter
s.art004 Additional information relating to the proposed acquirer that is a natural person
s.art014 This Regulation shall enter into force on the twentieth day...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.