Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 8 October 2014 - onwards
Regulation 27 Assessee to be issued copy of any adverse assessment, etc.
(1) Where the assessment of an assessor is that the assessee is committing or has committed a prescribed contravention, the Bank shall -
(a) issue the assessee with a copy of the adverse assessment (or, as the Bank thinks fit, so much of the adverse assessment as constitutes the statement referred to in Regulation 23(8)), and
(b) advise the assessee that -
(i) the assessee may appeal against the adverse assessment to the court under Regulation 28, and
(ii) the Bank may apply to the court under Regulation 31 for an order confirming the adverse assessment (including the specified sanctions).