Paragraph 27 Discharge of an enforcement undertakingI1

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

An enforcement undertaking ceases to have effect on the issue of a discharge certificate.

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

The person who gave the undertaking may at any time apply for a discharge certificate.

The regulator must decide whether to issue a discharge certificate, and give written notice of the decision to the applicant (including information as to the right of appeal), within 14 days of such an application.

The applicant may appeal against a decision not to issue a discharge certificate on the grounds that the decision—