(1) A proposed acquirer shall not, directly or indirectly, acquire a qualifying holding in an electronic money institution without having previously notified the Bank in writing of the intended size of the holding.
(2) A proposed acquirer who has a qualifying holding in an electronic money institution shall not, directly or indirectly, increase the size of the holding without having previously notified the Bank in writing of the intended size of the holding if, as a result of the increase -
(a) the percentage of the capital of, or the voting rights in, the electronic money institution that the proposed acquirer holds would reach or exceed a prescribed percentage, or
(b) in the case of a proposed acquirer that is a company or other body corporate, the electronic money institution would become the proposed acquirer's subsidiary.
(3) A person shall not, directly or indirectly, dispose of a qualifying holding in an electronic money institution without having previously notified the Bank in
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