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Financial Guidance August 2018

This guidance sets out when the Authority will consider the financial capability of a legal or natural person (“person”) and the factors that the Authority will usually take into consideration when doing so

Change in control

The model clauses do not impose any requirement for approval of a change of control of a Licensee, for example, a corporate takeover, but they do grant NSTA the power to require a further change of control, and failing that a power of revocation.