Section 190A(1)

This section applies if— the appropriate regulator receives a section 178 notice in relation to a qualifying credit institution, investment firm or banking group company, as a result of a direction under section 189(1A) or the application of section 189(1ZB), the appropriate regulator is required to act under this Part in a timely manner in relation to that notice, and the appropriate regulator does not complete the assessment required by section 185 before a relevant transfer instrument has been made by the Bank of England which transfers shares issued by, or voting power in, that qualifying credit institution, investment firm or banking group company.

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