As a result of the untimely Form U4 disclosures, Suber was deemed to have willfully violated Article V, Section 2(c) of the NASD and FINRA By-Laws of the Corporation and NASD IM-1000-1 and Rule 2110.
In the Commons there was concern that the new laws would lead to a takeover of Channel 5 by Mr Murdoch's News Corporation, which owns 32% of the British newspaper market.
If one is concerned about the volume and conditions for transfers of shares, there are already well-established laws and procedures to restrict the transfer or sale of shares to reasonable conditions devised by the corporation.