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Change in Control Notification(Section 178 notice) Individual Name of the individual controller submitting this notification (include the FCA/PRA Individual Reference Number if applicable)Target firms
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How to fill out change of controlfcasole trader

01
To fill out a change of control form for sole traders, follow the steps below:
02
Start by obtaining the change of control form from the relevant authority or organization.
03
Fill in your personal details, including your name, address, contact information, and any other required information.
04
Clearly state the reason for the change of control, such as a transfer of ownership or a change in business structure.
05
Provide the details of the new owner or controller, including their name, address, and contact information.
06
Attach any supporting documents or legal agreements related to the change of control. This may include contracts, transfer documents, or licenses.
07
Review the completed form for accuracy and completeness.
08
Submit the form to the appropriate authority or organization along with any required fees or supporting documentation.
09
Keep a copy of the completed form for your records.

Who needs change of controlfcasole trader?

01
A change of control form for sole traders is typically needed by individuals who are undergoing a change in ownership or control of their business.
02
This may include situations such as selling the business, transferring ownership to a family member, or changing the legal structure of the business.
03
It is important to check with the relevant authority or organization to determine if a change of control form is required in your specific situation.

What is Change of ControlFCASole trader appendix - FCARequirements for a change in controlFCARequirements for a change in controlFCA Form?

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Template Change of ControlFCASole trader appendix - FCARequirements for a change in controlFCARequirements for a change in controlFCA instructions

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Change of control refers to a situation where there is a significant alteration in the ownership or control of a sole trader's business, often due to mergers, acquisitions, or selling a major stake.
Sole traders who experience a change in ownership or control are required to file the change of control.
To fill out the change of control for a sole trader, you need to provide details about the previous ownership, new ownership, and the circumstances leading to the change.
The purpose of the change of control filing is to inform relevant authorities about significant changes in business ownership to ensure compliance with laws and regulations.
Information required includes the names of the previous and new owners, the nature of the change, and any financial implications.
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