Section 10
of Securities Markets Order, 2013
Section 10
(1)
The Authority's approval under section 9 may be given unconditionally or subject to such conditions as the Authority thinks fit.
{2)
In imposing any conditions, the Authority must have regard to its regulatory objectives under this Order.
(3)
If the Authority proposes to impose conditions on a person, it must give him a warning notice.
(4)
If the Authority decides to impose conditions on a person, it must give him a decision notice.
(5)
A person who is subject to a condition imposed under this section may apply to the Authority for the condition to be varied or for the condition to be cancelled.
(6)
The Authority may, on its own initiative, cancel a condition imposed under this section.
(7)
If the Authority has given its approval to a person subject to a condition, he may refer to the Panel -
{a} the imposition of the condition; or
{b)
the Authority's decision to refuse an application made by him under subsection (5).
Objection to acquisition of control.