SCHEDULES

SCHEDULE 13Ownership of licensed bodies

Part 3Approval of restricted interests after licence is issued

Powers of licensing authority in relation to change of interests

Duration of unconditional or conditional approval

I130

In a case within paragraph 21(1)(a), the licensing authority's approval under paragraph 27 or 28 remains effective only if the investor acquires the notifiable interest—

a

before the end of such period as may be specified in the notice under paragraph 27(2) or 28(7), or

b

if no such period is specified, before the end of the period of one year beginning with the date of that notice.