# The Regulated Covered Bonds Regulations 2008, Regulation 32: Directions and revocation: procedure

Extent: E+W+S+N.I.

(1) Before—
(a) giving a direction under regulation 30; or
(b) removing an issuer from the register of issuers under regulation 31(1)(c),
the Authority must give a warning notice to the person concerned.
(2) If, having considered any representations, the Authority decides to—
(a) make the direction; or
(b) remove the issuer from the register of issuers,
the Authority must give that person a decision notice.
(3) If the Authority decides not to—
(a) make a direction; or
(b) remove the issuer from the register of issuers,
it must give that person written notice of its decision.
(4) If the Authority decides to—
(a) make a direction; or
(b) remove the issuer from the register of issuers,
the person concerned may refer the matter to the Upper Tribunal.

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Source: https://www.legislation.gov.uk/uksi/2008/346/regulation/32 (the official version)
Page: https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.