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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 November 2002 - onwards
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97. Suspension and withdrawal of approval of a PRSA product.

(1) The Board, after, where appropriate, consultation with the Revenue Commissioners, may at any time suspend or withdraw the approval under section 94 of a PRSA product if the Board is satisfied that the relevant PRSA provider -

(a) has expressly requested the withdrawal of the approval;

(b) has ceased to carry on the business of PRSA provider for more than 6 months;

(c) no longer complies with the requirements of this Part or regulations thereunder for the granting of an approval under section 94 in respect of products produced by it;

(d) has failed, to a serious extent, to comply with its obligations under this Part or regulations thereunder; or

(e) if, since the grant of the approval, the circumstances relevant to the grant have changed and are such that, if an application for the approval of the PRSA product were made in the changed circumstances, it would be refused by either the Board or the Revenue Commissioners or, if in the light of information available to the Board at that

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