SCHEDULES
SCHEDULE 13Ownership of licensed bodies
Part 2Approval of restricted interests on application for licence
Conditional approval of notified interest
I1C1C3C2C4C518
I21
The investor and the applicant may before the end of the prescribed period appeal to the relevant appellate body against the imposition of any or all of the conditions.
I32
The relevant appellate body may dismiss the appeal, or allow the appeal and—
a
order the licensing authority to approve the investor's holding of the notified interest without conditions, or subject to such conditions as may be specified in the order, or
b
remit the matter to the licensing authority.
I23
A party to the appeal may before the end of the prescribed period appeal to the High Court on a point of law arising from the decision of the relevant appellant body, but only with the permission of the High Court.
I34
The High Court may make such order as it thinks fit.
I35
If the investor's holding of the notified interest is subject to conditions as a result of an order made on an appeal under this paragraph, for the purposes of this Schedule the conditions are to be treated as having been imposed under paragraph 17.