Fourth Schedule Supplementary provisions in relation to withdrawal of an authorisation
1. Withdrawal of authorisation.
(1) If the Bank proposes to submit a proposal to the ECB to withdraw an authorisation (other than in pursuance of a request by the holder) it shall serve on the building society and on every officer a notice stating -
(a) that it proposes to submit a proposal to the ECB to withdraw the authorisation,
(b) its grounds for the proposed withdrawal, and
(c) that the society may, within 21 days after the date of the giving of the notice, make representations in writing to the Central Bank in relation to the proposed withdrawal.
(2) If the grounds for the proposed withdrawal include the ground that any officer of the society is not a fit and proper person to hold office in the society, the Central Bank shall also serve notice of that ground on the officer concerned giving him the right to make representations with respect to his fitness and propriety for office within such period, not being less than 21 days after service of the notice, as is specified in the notice.