Stock Exchange Act, 1995

Imposition by Bank of conditions or requirements in respect of proposed acquiring transactions.

43.—(1) An approval given by the Bank to a proposed acquiring transaction shall be subject to such conditions or requirements or both as the Bank may impose (being conditions or requirements which in the opinion of the Bank are necessary for the orderly and proper regulation of approved stock exchanges and authorised member firms).

(2) The Bank may, at any time, amend or revoke such conditions or requirements or both referred to in subsection (1) of this section.