Stock Exchange Act, 1995

Requests from Commission.

19.—Notwithstanding other provisions of this Act, the Bank shall comply with requests from the Commission to limit or suspend decisions where—

(a) a proposed member firm which is the direct or indirect subsidiary of a parent governed by the law of a State which is not a Member State of the European Community seeks authorisation from the Bank, or

(b) an undertaking which is governed by the law of a State which is not a Member State acquires a holding in any authorised member firm such that the latter would become its subsidiary.