Notices imposing conditionsU.K.
5(1)This paragraph applies where either–
(a)paragraph 3 above applies and the Commission is entitled to serve a notice of objection under the relevant paragraph; or
(b)paragraph 4 above applies;
and expressions in this paragraph which are also used in paragraph 3 or 4 above have the same meanings as in that paragraph.
(2)If the Commission considers that, if certain conditions were complied with–
(a)by the person serving the notice under sub–paragraph (1)(a) of the relevant paragraph; or
(b)by the person in breach,
the criteria of prudent management would continue to be or, as the case may be, would be fulfilled in respect of the society, it may, instead of serving a notice of objection under the relevant paragraph or paragraph 4 above, serve on that person a notice requiring those conditions to be complied with by that person (“the person concerned").
(3)Before serving a notice under sub–paragraph (2) above, the Commission shall serve on the person concerned a preliminary notice stating–
(a)that the Commission is considering serving a notice under sub–paragraph (2) above;
(b)the conditions which would be required by such a notice to be complied with by that person;
(c)the criteria of prudent management which it considers would not be fulfilled in respect of the society if neither such a notice nor a notice of objection were served on that person; and
(d)that the person may, within the period of one month from the date of service of the preliminary notice–
(i)make written representations to the Commission; and
(ii)if that person so requests, oral representations to an officer of the Commission appointed for the purpose by the Commission.
(4)Where representations are made in accordance with this paragraph the Commission shall take them into consideration before serving a notice under sub–paragraph (2) above.
(5)The Commission shall not be obliged to disclose to the person concerned any particulars of the ground on which it is considering service on that person of a notice under sub–paragraph (2) above or a notice of objection under the relevant paragraph or, as the case may be, paragraph 4 above.