Article 9 Closures of accounts

(1)

This article applies in the case of an account holder who is a supplier or other person referred to in paragraph (3) of article 7.

(2)

The Administrator must close the account of such an account holder where—

(a)

the Administrator—

(i)

is no longer satisfied that the account holder meets the criterion set out in paragraph (4)(a) of that article, or

(ii)

is satisfied that the account holder has withdrawn the consent which was given under paragraph (4)(b) of that article; and

(b)

any certificates standing to the credit of the account have been revoked or otherwise may no longer be produced as evidence pursuant to section 124(2) of the 2004 Act.

(3)

The Administrator may close the account of such an account holder where, in the immediately preceding period of 36 months—

(a)

no RTF certificate has been issued to the account holder, or

(b)

no RTF certificate has been credited to the account of the account holder.