Singapore legislation
Clause 23
Clause 23
Consolidations
(1)
No regulated person shall be merged or consolidated with, or be taken over by —
(a)
any other regulated person; or
(b)
any other person (not being a regulated person) carrying on business in any media industry,without the prior written approval of the Authority.
(2)
For the purposes of subsection (1), the Authority may specify in a code of practice the circumstances under which a regulated person would be considered to be merged or consolidated with, or taken over by, any other person.