When you are involved in an overseas investment transaction, you must apply for consent if you are an overseas person or an associate making the investment. You will also need to apply for consent if you are issuing securities, such as shares, and this is part of the transaction, and no one else has already applied for consent under section 12(1)(b) or section 13(1)(a). The regulator may also ask other people involved in the transaction, or their associates, to be part of the application.

If you are the issuer of securities, such as a company, and the transaction involves issuing, buying back, or cancelling these securities, you may need to apply for consent. This is the case if the transaction falls under section 12(1)(b) or section 13(1)(a) and no one else has applied for consent. The regulator has the power to decide who else should be involved in the application.