769. (1) F576[The Authority may] direct that the restrictions imposed upon shares under section 768 shall cease to apply if—

(a) the F576[Authority is satisfied that the relevant facts about the shares have been disclosed to it], or

(b) the shares are to be sold and the court or the F576[Authority] approves the sale.

(2) However, this section does not affect a direction of the F576[Authority] directing that any restriction continued in force in relation to the shares under section 775 shall cease to apply to the shares.