11. {1)

In considering a notice of control, the Authority may give a decision notice of objection to the acquirer unless it is satisfied that the approval requirements are met.

The approval requirements are that -

In deciding whether the approval requirements are met, the Authority must have regard, in relation to the control that the acquirer -

If the Authority gives a decision notice under subsection ( 1) but considers that the approval requirements would be met if the person to whom a notice is given were to take, or refrain from taking, a particular step, the notice must identify that step.

A person to whom a decision notice under subsection (1) is given may refer the matter to the Panel.