GEN 8.8.14

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

(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.