Section 5 — Meaning of “trigger event” and “acquirer”
This version in force from 2022-01-04
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) For the purposes of this Act, a “trigger event” takes place when—
(a) a person gains control of a qualifying entity, as set out in section 8, or
(b) a person gains control of a qualifying asset, as set out in section 9.
(2) In this Act “acquirer” means the person who gains the control referred to in subsection (1) (or in relation to a trigger event that has not yet taken place, would gain that control).