Paragraph 22 Discharge of an enforcement undertakingI1

If a regulator that has accepted an enforcement undertaking is satisfied that the undertaking has been complied with, it must issue a certificate to that effect (a “discharge certificate”).

The regulator may require the person who has given the enforcement undertaking to provide sufficient information to determine that the enforcement undertaking has been complied with.

The person who has given the enforcement undertaking may, at any time, apply to the regulator for a discharge certificate.

The regulator must decide whether to issue a discharge certificate, and give written notice of its decision to the applicant, within 14 days of receipt of the application.