When you are talking about a proposed change in this part of the law, it means you are thinking about something that needs approval. You might need approval if you want to get significant influence over a company that is allowed to take deposits, which is called a licensed deposit taker. You might also need approval if you want to make a big deal, known as a significant transaction, or if you want to merge a licensed deposit taker with another company or person.

You can get significant influence over a licensed deposit taker, or you can enter into a significant transaction, or you can amalgamate a licensed deposit taker with one or more other people. These are all things that can be a proposed change and might need approval. The law is trying to make sure that these big changes are checked and approved before they happen.