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Version status: Repealed | Document consolidation status: Updated to reflect all known changes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

44. Enforcement of certain prohibition notices.

Repealed from 19 April 2023

(1) Subject to subsection (2), if -

(a) a person performs a controlled function in contravention of a prohibition notice, or

(b) a regulated financial service provider permits a prohibited person to perform a controlled function in contravention of a prohibition notice,

the Head of Financial Regulation may apply ex parte to the Court for an order directing the person or regulated financial service provider to comply with the notice.

(2) This section does not apply in relation to a prohibition notice that has been confirmed by the Court under section 45.

Comparing proposed amendment...