Section 182(1)

For the purposes of this Part, a person (“A”) increases control over a UK authorised person (“B”) whenever— the percentage of shares which A holds in B or in a parent undertaking of B (“P”) increases by any of the steps mentioned in subsection (2); the percentage of voting power A holds in B or P increases by any of the steps mentioned in subsection (2); or A becomes a parent undertaking of B.

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Source: legislation.gov.uk · retrieved 2026-09-04