Part 28Takeovers etc
Chapter 2Impediments to takeovers
Supplementary
970Communication of decisions
(1)
A company that has passed an opting-in resolution or an opting-out resolution must notify—
(a)
the Panel, F1...
F1(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)
Notification must be given within 15 days after the resolution is passed F2....
(3)
If a company fails to comply with this section, an offence is committed by—
(a)
the company, and
(b)
every officer of it who is in default.
(4)
A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.