• Contraventions of the Rules under this Chapter

    • GEN 8.8.14

      (1) A Person commits a Contravention of the Rules under this Chapter where it:
      (a) fails to comply with any obligation of notification under Rules 8.8.5 and 8.8.9;
      (b) makes the proposed acquisition to which the notice it has provided to the Regulator relates, prior to the receipt of any approval, whether conditional or unconditional, from the Regulator;
      (c) Contravenes any conditions imposed by the Regulator upon its giving of a conditional approval to the proposed acquisition under Rule 8.8.7;
      (d) makes the proposed acquisition after the period for which the Regulator has deemed the approval to be effective under Rule 8.8.5(5);
      (e) breaches a direction in a restriction notice given under Rule 8.8.13(8); or
      (f) provides false information to the Regulator.
      (2) Any Contravention in (1) will entitle the Regulator to exercise its powers in Part 19 of the FSMR.