Unconditional approval of notified interestE+W
16(1)If the licensing authority is satisfied that the approval requirements are met in relation to the investor's holding of the notified interest, it must approve the investor's holding of that interest without conditions.E+W
(2)If the licensing authority approves the investor's holding of the notified interest without conditions, it must notify the investor and the applicant of its approval as soon as reasonably practicable.
Commencement Information
I1Sch. 13 para. 16 in force at 1.10.2011 by S.I. 2011/2196, art. 2(1)(d)