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(1)The right conferred by this Part shall not be exercisable except by a person who has been approved by Scottish Homes under this section (in this Part of this Act referred to as an “approved person”) or by Scottish Homes; and neither a public sector landlord (other than Scottish Homes), nor a regional council, or a joint board or joint committee of two or more regional councils or any trust under the control of a regional council, may be so approved.
(2)An approval under this section—
(a)may be given to a particular person or to persons of a particular description;
(b)may apply either generally or in relation to particular acquisitions or acquisitions made in a particular area or within a particular period;
(c)may, in relation to a particular person, specify the maximum number to which the approval extends of houses to be acquired by him under this Part of this Act;
(d)may be given subject to conditions.
(3)An approval under this section may be revoked by Scottish Homes, but without prejudice to any transaction previously completed.
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