# Legal Services Act 2007, Paragraph 27


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

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Source: https://www.legislation.gov.uk/ukpga/2007/29/schedule/13/paragraph/27 (the official version)
Page: https://openlegislation.uk/legal-services-act-2007/schedule-13/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.