13Application for approval to exceed 20% shareholding limit

#### 13 Application for approval to exceed 20% shareholding limit (1) A person may apply to the Treasurer for approval to hold a stake in a particular financial sector company of more than 20%. (1A) The application may be in relation to a company that is not a financial sector company at the time the application is made. (2) The application must: (aa) specify whether the applicant is seeking for the approval to be granted on the basis of either paragraph 14(1)(a) or (b); and (a) specify the percentage of the stake (if any) the person currently holds in the company concerned; and (b) specify the percentage of the stake the person is seeking approval to hold in the company; and (c) set out the person’s reasons for making the application; and (d) be accompanied by the prescribed fee (if any).