• FCA updated its webpage giving guidance to firms on when to notify change in control.

Overview

• Page sets out 4 bands of control for directive firms and gives definition of these firms.
• For non-directive firms there is only one threshold and one band of 20% or more.

Update

• The update to the page is found in the non-directive firms section, in 3rd bullet point.
• In the list of conditions for notifying the FCA about acquisition of shares or voting power, changed phrase directive firm to non-directive firm in order to correct error.