154 Affected transactions

(1)

This section applies if a person acquires a significant influence in a casino without prior approval as an associated person.

(2)

An affected transaction means any transaction by which a person acquired a significant influence in a casino without prior approval as an associated person, and includes all aspects of the means by which that influence was acquired.

(3)

If the Secretary refuses to approve a person with a significant influence as an associated person, the Secretary must then—

(a)

advise the Gambling Commission that an affected transaction has occurred; and

(b)

provide the Gambling Commission with a summary of the information held by the Secretary about the affected transaction.

Section 154(3): amended, on 15 December 2005, by section 8 of the Gambling Amendment Act (No 2) 2005 (2005 No 104).