Part XII Control Over Authorised Persons
F1Assessment procedure
X1187Approval with conditions
(1)
The F2appropriate regulator may impose conditions on its approval of an acquisition.
F3(2)
The appropriate regulator may only impose conditions where—
(a)
if it did not impose those conditions, it would propose to object to the acquisition, F4...
F5(aa)
it appears to that regulator that it is desirable to impose those conditions in order to advance any of that regulator’s objectives (subject to section 185(2)(c)), or
(b)
it is required to do so by a direction under section 187A(3)(b) or section 187B(3).
(3)
The F2appropriate regulator may not impose conditions requiring a particular level of holding to be acquired.
(4)
The F2appropriate regulator may vary or cancel the conditions.