(1) The Bank may give notice in writing (a "restriction notice") to a person ("P") in the following circumstances.

(2) The circumstances are that -

(a) P has taken a decision in relation to which P is required to give the Bank an Article 27 notice; and

(b) P has made the acquisition -

(i) without giving the Article 27 notice,

(ii) before the expiry date of the assessment period (unless the Bank has approved the acquisition), or

(iii) in contravention of the Bank’s decision under Article 27(8) of the CSD regulation.

(3) In a restriction notice, the Bank may direct that shares or voting power to which the notice relates are, until further notice, subject to one or more of the following restrictions -