OpenLegislation

Regulation 11 Procedure for withdrawal of approval to act as intermediaryI1

England and Wales

A competent authority shall withdraw an approval to act as intermediary from any individual—

(a)

where the individual so requests or with the individual’s consent;

(b)

where it becomes clear to the competent authority after approval that the individual—

(i)

was ineligible at the time of approval, or

(ii)

has become ineligible for approval;

(iii)

is at any time not or no longer a fit and proper person to act as intermediary;

(iv)

has failed to comply with any provision of Part 7A of the Act or any rule, regulations or orders made under it, including these regulations;

(v)

has furnished the competent authority with any false, inaccurate or misleading information.

(2)

The competent authority may from time to time request an approved intermediary to supply such information or evidence about that intermediary or his or her activities as may be required by that authority for the purpose of ensuring that the requirements of these Regulations are being met.

Annotations

Commencement

I1

Reg. 11 in force at 6.4.2009, see reg. 1