Part XII

Control Over Authorised Persons

Acquiring or increasing control: procedure

Objection to existing control
187
1
If the Authority is not satisfied that the approval requirements are met, it may give a decision notice under this section to a person if he has failed to comply with a duty to notify imposed by section 178.
2
If the failure relates to subsection (1) or (2) of that section, the Authority may (instead of giving a notice under subsection (1)) approve the acquisition of the control in question by the person concerned as if he had given it a notice of control.
3
The Authority may also give a decision notice under this section to a person who is a controller of a UK authorised person if the Authority becomes aware of matters as a result of which it is satisfied that—
a
the approval requirements are not met with respect to the controller; or
b
a condition imposed under section 185 required that person to do (or refrain from doing) a particular thing and the condition has been breached as a result of his failing to do (or doing) that thing.
4
A person to whom a notice under this section is given may refer the matter to the Tribunal.
5
“Approval requirements” has the same meaning as in section 186.