Regulation 15 Revocation of approval of a payments distributorI1
Scotland
The DAS Administrator may revoke the approval of a payments distributor where—
the distributor fails without good reason to comply with a condition attached to the approval;
the DAS Administrator is satisfied that the distributor is no longer a fit and proper person to be a distributor; or
in the opinion of the DAS Administrator the distributor—
has failed without good cause to carry out a function of a distributor under the Act or under these Regulations; and
continues to fail to carry out that function, after 2 weeks from the date of written notice to the distributor of that failure;
in the opinion of the DAS Administrator the distributor fails to comply without good reason with any condition to which the approval is subject under regulation 14(5).