SUP 11.7 Acquisition or increase of control: assessment process and criteria4
Section 191A deals with the procedure the appropriate regulator6 must follow where the appropriate regulator reasonably believes that:64
46- (1)
there has been a failure to give notice under section 178(1) of the Act in circumstances where notice was required;6
- (2)
there has been a breach of a condition imposed under section 187 of the Act; or6
- (3)
there are grounds for objecting to control on the basis of the matters in section 186 of the Act.6
The appropriate regulator6 may serve restriction notices in certain circumstances in accordance with section 191B of the Act4.
46The appropriate regulator6 may apply to the court for an order for the sale of shares in accordance with section 191C of the Act4.
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Before making a determination under section 185 or4 giving a4 warning notice under section 191A4, the appropriate regulator6 must comply with the 4 requirements as to consultation with EC4 1competent authorities set out in section 188 of the Act 4and with the other regulator set out in sections 187A, 187B and 191A of the Act, as applicable.6
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