The Bank may oppose a proposed acquisition in an authorised reinsurance undertaking or SPRV only if -
(a) there are reasonable grounds for doing so on the basis of the criteria in paragraph (1) or (2) of Regulation 41A, or
(b) the information provided by the proposed acquirer concerned in its notification under Regulation 40A is incomplete, or the proposed acquirer has not provided information in response to a request under paragraph (5) or (8) of Regulation 41.