| Of relevance to: | Any firm proposing a change in any shareholder holding 10% or more |
| Key date: | Applicable from 1 October 2017 |
Guidelines issued by the Joint European Supervisory Authorities (“ESA”), including the European Securities and Markets Authority (“ESMA”), should be borne in mind should your firm have a prospective change in control.
The Guidelines relate to the prudential assessment of acquisitions and increases of qualifying holdings in the financial sector; the FCA and PRA will comply with the Guidelines except for provisions relating to the identification of acquirers of indirect qualifying holdings.
