Investment Intermediaries Act, 1995

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

42.—(1) An approval given by a supervisory authority to a proposed acquiring transaction shall be subject to such conditions or requirements or both as the supervisory authority may impose (being conditions or requirements which in the opinion of the supervisory authority are necessary for the proper and orderly regulation and supervision of investment business firms).

(2) A supervisory authority may, at any time, amend or revoke conditions or requirements or both referred to in subsection (1) of this section.