102 Change of corporate control

102  Change of corporate control

(1)     This section applies where the holder of an operating licence is a company limited by shares (“the company”).

(2)     If a person becomes a controller of the company (“the new controller”), within the meaning of section 422 of the Financial Services and Markets Act 2000 (c 8), the company shall inform the Commission and either—

(a)     surrender the operating

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