Date-stamp loading
Status: In force
Version date: 31 March 2013 - onwards
    Version 1 of 1    

DISP 4.2.7

A VJ participant may not withdraw from the Voluntary Jurisdiction unless:

(1) the VJ participant has submitted to FOS Ltd a written plan for:

(a) notifying its existing customers of its intention to withdraw; and

(b) handling complaints against it before its withdrawal;

(2) the VJ participant has paid the general levy for the year in which it withdraws and any other fees payable; and

(3) FOS Ltd has approved in writing both the VJ Participant's plan and the date of withdrawal (which must be at least six months from the date of the approval of the plan).

Comparing proposed amendment...