Paragraph 4 Professional qualificationsF1

(1)

The criteria and procedures in place under paragraph 2 must be designed to secure that—

(a)

an individual—

(i)

may be entered in the register only if the individual meets the qualification requirement, and

(ii)

is to be removed from the register as soon as possible after ceasing to meet that requirement;

(b)

a firm—

(i)

may be entered in the register only if the firm meets the qualified control requirement, and

(ii)

is to be removed from the register before the end of the period of 3 months beginning with the day on which the firm ceases to meet that requirement.

(2)

See Part 1 of Schedule 1D for the requirements referred to in sub-paragraph (1).

Annotations

F1: Schs. 1B-1D inserted (29.4.2026 for specified purposes) by English Devolution and Community Empowerment Act 2026 (c. 23), s. 108(1)(6), Sch. 35