[301K Orders for sale of shares]

[301K  Orders for sale of shares]

[(1)     The court may, on the application of [the FCA], order the sale of shares or the disposition of voting power in the following circumstances.

(2)     The circumstances are that—

(a)     a person has control over a recognised investment exchange by virtue of holding the shares or voting power; and

(b)     the acquisition or continued holding of the shares or voting power by that person is in contravention of a final notice which confirms a decision notice given under section 301G or section 301I.

(3)     Where the court orders the sale of shares or disposition of

Popular documents