Securities Markets Order, 2013 · s 8

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s 8Duty of Authority in relation to notice of control

(1)

The Authority must, before the end of the period of 3 months beginning with the date on which it receives a notice of control in relation to the period for consideration, determine whether

{a)

to approve of the person having the control to which the notice relates; or

(b)

to serve a warning notice under this Part.

(2)

If the Authority proposes to give the person having the control a notice of objection of acquisition of control, it must give him a warning notice.