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48(1)A licensing authority must notify the Board where under paragraph 16, 17, 27 or 28 it approves the holding of a restricted interest in a licensed body by a person included in the list kept by the Board under paragraph 51.
(2)The notification must state—
(a)if the approval was under paragraph 17 or 28, the conditions to which the approval was subject, and
(b)the reasons for the licensing authority’s decision to approve the person’s holding of the interest.
(3)If the approval was under paragraph 17 or 28 and there is an appeal to the relevant appellate body against the imposition of conditions, the licensing authority must notify the Board of the outcome of that appeal (and any subsequent appeal to the High Court).
(4)If the approval was under paragraph 17 or 28, the licensing authority must notify the Board of any decision taken by it under paragraph 35 (variation and cancellation of conditions).
(5)The licensing authority must give the person and the licensed body concerned a copy of any notification it gives the Board under this paragraph.
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