On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 14/02/2008.
Control of equity interests and voting power in, and business of, designated gas licensee, designated entity and designated business trust
63B.
—(1) Any person who becomes a substantial equity interest holder of a designated gas licensee, designated entity or designated business trust shall give notice in writing to the Authority of that fact within 5 days after becoming a substantial equity interest holder of the licensee, entity or business trust.
(2) No person shall become a 12% controller, a 30% controller or an indirect controller of a designated gas licensee, designated entity or designated business trust unless the person obtains the prior written approval of the Authority.
(3) No person, whether or not he has obtained any approval of the Authority under subsection (2) or is exempted from subsection (2) under section 63D, shall acquire as a going concern —
(a)
the business (or any part thereof) of a designated gas licensee conducted pursuant to its licence;
(b)
the business (or any part thereof) of a designated entity relating to a gas pipeline network or any part thereof owned by the entity; or
(c)
the business (or any part thereof) of a designated business trust relating to a gas pipeline network or any part thereof in respect of which, wholly or in part, the business trust is established,
unless the person, and the licensee, the entity or the trustee-manager of the business trust, as the case may be, obtain the prior written approval of the Authority.
(4) Subject to subsection (5), a notice under subsection (1) shall be given and an application for the Authority’s approval under subsection (2) or (3) shall be made in such form and manner as may be specified by the Authority.
(5) An application for the Authority’s approval under subsection (3) shall be made jointly by the person, and the designated gas licensee, the designated entity or the trustee-manager of the designated business trust, as the case may be.