(1) A regulated financial service provider or holding company on whom a suspension notice is served -
(a) shall immediately remove the suspended person concerned from performing -
(i) the particular controlled function concerned,
(ii) the specified part of the controlled function concerned, or
(iii) all controlled functions,
as specified in the notice, or
(b) shall not appoint the suspended person to carry out the controlled function or part, or any controlled function, as specified in the notice,
as the case requires.
(2) A regulated financial service provider or holding company on whom a suspension notice is served shall comply with any terms and conditions imposed on the regulated financial service provider or holding company by the notice.
(3) A suspended person on whom a suspension notice in relation to him or her is served, or who has been given a copy of such a notice by a regulated financial service provider or holding company shall cease performing, or (as the case requires)
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