Skip to content
bruneilawsby aturio
In forceAs enacted
Contents

Part I · Preliminary

9. Approval of acquisition of control

(1)

If the Authority decides to approve of the person having the control to which the notice relates, it must notify that person of its approval of the acquisition in writing without delay.

(2)

If the Authority fails to comply with section 8(1L it is to be treated as having given its approval and notified the person concerned at the end of the period fixed by that subsection.

(3)

The Authority's approval remains effective only if the person to whom it relates acquires the control in question

(a)

before the end of such period as may be specified in the notice; or

{b)

if no period is specified, before the end of the period of 12 months beginning with the date -

(i)

of the notice of approval;

(ii)

on which the Authority is treated as having given approval under subsection (2); or

(iii)

of a decision on a reference to the Panel which results in the person concerned receiving approval.

1242

Report

Read on from s 10

Part II

Read on from Part II

Part III

Market Operators and Market Infrastructure

Part IV

Self-Regulating Organisations

Read on from Part IV

Part X

Part X.

Read on from Part X

Part VI

Public Company Statements and Reporting Requirements

Read on from Part VI

Part VII

Capital Markets Services Licence and Representative'S Licence

Read on from Part VII

Part VIII

Books, Audit and Client'S Assets

Part IX

Read on from Part IX

Part X

Intervention Powers of Authority

Read on from Part X

Part XI

Complaints Committee and Investor Compensation Scheme

Read on from Part XI

Part XII

Financial Markets Services Panel

Read on from Part XII

Part XIII

General

Read on from Part XIII