Clause 23
Consolidations
of Media Development Authority of Singapore Bill
BillNot in forceProvision 26 of 71
Clause 23
(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.