3. Controlling interest over regulated persons

( 1) If a step which a person proposes to take would result in his acquiring-

control over a regulated person;

an additional kind of control over a regulated person; or 1237

A person who, without himself taking any such step, acquires any such control, or additional or increased control must notify the Authority before the end of the period of 14 days beginning with the day on which he first becomes aware that he has acquired it.

A person who is under the duty to notify the Authority imposed by subsection (1) must also give notice to the Authority on acquiring, or increasing such control.

A notice under subsection (1) or (2) is referred to in this Part as a notice of control.