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

(2) The circumstances are that -

(a) a person ("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) Where the court orders the sale of shares or disposition of voting power it may -

(a) if a restriction notice has been given in relation to the shares or voting power, order that the restrictions cease to apply; and