Section 12

If the Authority is not satisfied that the approval requirements are met, it may a decision notice of objection to a person who has failed to comply with a duty to notify the Authority imposed by section 3.

If the failure relates to section 3(1) or 3(2), the Authority may (instead of giving a notice under subsection ( 1)) approve the acquisition of the control in question by the person concerned as if he had given it a notice of control.

The Authority may also give a decision notice under subsection (1) to a person who is a controller of a regulated person if the Authority becomes aware of matters as a result of which it is satisfied that -

·

{a} the approval requirements are not met with respect to the controller; or

(b}

a condition imposed under section 10 which required that person to do (or refrain from doing) a particular thing and the condition has been breached as a result of his failing to do (or doing) that thing.

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

Procedure for notices of objection under section 12.