I presume that if a company or a stock exchange from another country is involved the same power applies to the refusal by the bank and that it does not just apply on the domestic market. Does it apply to a company outside the jurisdiction?
SECTION 45.
Question proposed: "That section 45 stand part of the Bill."
Yes, the same power applies to companies from outside the jurisdiction.
Do they have recourse to their own competent authority if they are dissatisfied with the decision of our competent authority?
No. Our competent authority could then decide——
They can go to the courts like anybody else. I am trying to establish that a competent authority in another country cannot intervene.
They can go to court but they cannot go back to the competent authority in their own country.
Question put and agreed to.