Section 8
of Securities Markets Order, 2013
ORDERIn forceProvision 8 of 288
Section 8
(1)
The Authority must, before the end of the period of 3 months beginning with the date on which it receives a notice of control in relation to the period for consideration, determine whether
{a)
to approve of the person having the control to which the notice relates; or
(b)
to serve a warning notice under this Part.
(2)
If the Authority proposes to give the person having the control a notice of objection of acquisition of control, it must give him a warning notice.
Approval of acquisition of control.