SCHEDULES

SCHEDULE 13 E+W Ownership of licensed bodies

Part 3 E+W Approval of restricted interests after licence is issued

Valid from 13/07/2011

Powers of licensing authority in relation to change of interests E+W

Valid from 01/10/2011

Unconditional approval of notifiable interest E+W

27 (1) If the licensing authority is satisfied that the approval requirements are met in relation to the investor's holding of the notifiable interest, it must approve the investor's holding of that interest without conditions. E+W

(2) If the licensing authority approves the investor's holding of the notifiable interest without conditions, it must notify the investor and the licensed body of its approval as soon as reasonably practicable.