(1) If during the currency of a licence it appears to the OFT to be urgently necessary for the protection of consumers that the licence should cease to have effect immediately or on a specified date, the OFT is to proceed as follows.
(2) In the case of a standard licence the OFT must, by notice -
(a) inform the licensee that the OFT is suspending the licence from the date of the notice or from a later date specified in the notice,
(b) state the OFT's reasons for the suspension,
(c) state either -
(i) that the suspension is to end on a specified date, which must be no later than the last day of the 12 months beginning with the day on which the suspension takes effect, or
(ii) that the duration of the suspension is to be as provided by section 32B,
(d) specify any provision to be made under section 34A, and
(e) invite the licensee to submit to the OFT in accordance with section 34ZA representations -
(i) as to the suspension, and
(ii) about the provision (if any) that is or should b