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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2021-01-01.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

Article 3 General information relating to the identity of the proposed acquirer

  1. (1)

    Where the proposed acquirer is a natural person, the proposed acquirer shall provide the competent authority of the target entity with the following identification information:

    1. (a)

      personal details including the person's name, date and place of birth, address, and contact details and, where available, the personal national identification number;

    2. (b)

      a detailed curriculum vitae or equivalent document, stating relevant education and training, previous professional experience, and any professional activities or other relevant functions currently performed.

  2. (2)

    Where the proposed acquirer is a legal person, it shall provide the competent authority of the target entity with the following information:

    1. (a)

      documents certifying the business name and registered address of its head office, and postal address if different, contact details and, where available, its national identification number;

    2. (b)

      registration of legal form in accordance with relevant national legislation;

    3. (c)

      an up-to-date overview of the entrepreneurial business of the legal person;

    4. (d)

      a complete list of persons who effectively direct the business, their name, date and place of birth, address, contact details, their national identification number where available, their detailed curriculum vitae stating relevant education and training, their previous professional experience, and their professional activities or other relevant functions currently performed;

    5. (e)

      the identity of all persons who may be considered to be beneficial owners of the legal person, their name, date and place of birth, address, contact details, and, where available, their national identification number.

  3. (3)

    Where the proposed acquirer is or is intended to be a trust, the proposed acquirer shall provide the competent authority of the target entity with the following information:

    1. (a)

      the identity of all trustees who manage assets under the terms of the trust document;

    2. (b)

      the identity of all persons who are beneficial owners of the trust assets and their respective shares in the distribution of income;

    3. (c)

      the identity of all persons who are settlors of the trust.