6 Control over authorised persons and others: disregarded holdings
1 In section 184 of the Act (disregarded holdings)—
(a) in subsection (5)(b), omit “the credit institution or investment firm ensures that”;
(b) after subsection (9) insert—

“9A Shares acquired for stabilisation purposes in accordance with Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC as regards exemptions for buy-back programmes and stabilisation of financial instruments are disregarded, provided that the voting power attached to those shares is not exercised or otherwise used to intervene in the management of B or P.
OJ L 336, 23.12.2003, p.33.”

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Section 184 was substituted by S.I. 2009/534, and amended by S.I. 2011/1613 and 2013/3115.
2 In section 301E of the Act (disregarded holdings)—
(a) in subsection (5)(b), omit “the credit institution or investment firm ensures that”;
(b) after subsection (9) insert—

“9A Shares acquired for stabilisation purposes in accordance with Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC as regards exemptions for buy-back programmes and stabilisation of financial instruments are disregarded, provided that the voting power attached to those shares is not exercised or otherwise used to intervene in the management of B or P.”

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Section 301E was substituted by S.I. 2009/534, and amended by S.I. 2011/1613 and 2013/3115.
3 In section 422A of the Act (disregarded holdings)—
(a) in subsection (5)(b), omit “the credit institution or investment firm ensures that”;
(b) after subsection (9) insert—

“9A Shares acquired for stabilisation purposes in accordance with Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC as regards exemptions for buy-back programmes and stabilisation of financial instruments are disregarded, provided that the voting power attached to those shares is not exercised or otherwise used to intervene in the management of B or P.”

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Section 422A of the Act was substituted by S.I. 2009/534, and amended by S.I. 2011/1613 and 2013/3115.
Reg. 6 in force at 1.11.2015 for specified purposes, see reg. 1(2)
Reg. 6 in force at 31.5.2016, see reg. 1(4)