# Legal Services Act 2007, Paragraph 16


(1) If the licensing authority is satisfied that the approval requirements are met in relation to the investor's holding of the notified interest, it must approve the investor's holding of that interest without conditions.
(2) If the licensing authority approves the investor's holding of the notified interest without conditions, it must notify the investor and the applicant of its approval as soon as reasonably practicable.

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Source: https://www.legislation.gov.uk/ukpga/2007/29/schedule/13/paragraph/16 (the official version)
Page: https://openlegislation.uk/legal-services-act-2007/schedule-13/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.