OpenLegislation

Division (xxvii) Where appropriate and on the basis of a sufficiently reasoned request from the Belgian authorities and KBC and taking into consideration the views of the monitoring trustee, the Commission may:

United Kingdom

Original text. Later amendments are not shown.

  1. (a)

    extend the target dates for implementation of the divestments:

    1. (i)

      as regards the divestments to be implemented […], the target date may be extended […], […], and subsequently […], […];

    2. (ii)

      as regards the divestment to be implemented […], the target date may be extended […], […];

    Such extension may be granted in particular when the divestments will not be implemented by these dates through no fault of KBC.

    KBC will not be obliged to sell a Divestment Business […] except where […], in which case KBC shall not be obliged to sell the relevant Divestment Business […].

  2. (b)

    dispense with, amend or replace one or more of the measures, requirements or conditions set out in this Decision.