371.This section gives the Authority the power to object to the acquisition of new or additional control, or to an increase in control.
372.The Authority can object to a person acquiring or increasing their control where it is not satisfied that the approval requirements set out in subsection (2) are met.
373.Subsection (4) confers a duty on the Authority to notify the applicant if it considers that the conditions for approval would be met if the applicant took or refrained from taking a particular step.
Commentary on Sections Part Xii: Control Over Authorised Persons Section 186: Objection to acquisition of control