1. Without prejudice to the legislation in force in the State, the Authority shall issue decisions regulating the control exercised by the Licensed Person, its merger, acquisition, and the acquisition or control over it. 2. The Licensed Person shall obtain the approval of the Authority in accordance with its conditions prior to undertaking any of the actions specified in Clause (1) of this Article. The Authority shall have the discretion to grant approval, impose conditions thereon, or refuse the same. 3. The Authority shall have the right to revoke such approval, impose additional conditions, or amend the conditions imposed on the Licensed Person in accordance with the public interest, provided that the Licensed Person is duly notified to take the necessary measures in accordance with the Authority’s procedures. 4. In the event that the Licensed Person breaches the conditions or procedures stipulated by the Authority under this Article, the Authority may revoke its license or impose conditions or restrictions thereon.
Interpretation and application must be checked against the official text and current version.