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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 19 April 2023 - onwards
  Version 3 of 3    

28. Suspension notices that have not been confirmed - period of effect.

A suspension notice that has not been confirmed by the Head of Financial Regulation pursuant to section 29 -

(a) takes effect on its service on the regulated financial service provider or holding company for whom the suspended person performs the relevant controlled function, and

(b) ceases to have effect -

(i) at the end of the 10th day after that service, unless within that period it is confirmed in accordance with section 29, or

(ii) if before the end of that day the Head of Financial Regulation revokes the notice, when the notice is revoked.

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