Section 48
of Banking and Financial Institutions Act 1989
ActIn forceProvision 49 of 144
Section 48
(2)
An acquisition, holding or disposal of any interest in shares to which subsection (1) applies shall be taken into account in determining the validity under section 45, 46 or 47, as the case may be, of any acquisition or disposal of an interest in the shares of a licensed institution effected after the effective date.