Section 4

For the purposes of this Part, a person acquires control over a regulated person (acquirer) if he -

(a} holds 10 percent or more of the shares in the regulated person;

(b}

is able to exercise significant influence over the management of the regulated person by virtue of his shareholding in the reguJated person;

(c}

holds 10 percent or more of the shares in a parent undertaking of the regulated person;

(d}

is able to exercise significant influence over the senior management of the parent undertaking by virtue of his shareholding in that parent undertaking;

(e}

is entitled to exercise, or control the exercise of, 10 percent or more of the voting power in the regulated person;

({}

is able to exercise significant influence over the management of the regulated person by virtue of his voting power in the regulated person;

In subsection (1), "acquirer" means -

{a)

the acquirer;

{b)

any of the acquirer's associates; or

{c)

the acquirer and any of his associates.

For the purposes of this Part, each of the following is to be regarded as a kind of control -

{a)

control arising as a result of the holding of shares in the regulated person;

{b)

control arising as a result of the holding of shares in the parent undertaking;

{c} control arising as a result of the entitlement to exercise, or control the exercise of, voting power in the regulated person;

For the purposes of this Part, "associate", "shares" and "voting power"

have the same meaning as defined in section 19.

Increasing control.