Regulation 8 Prohibition notices
The Board may in the circumstances specified in paragraph (2) give a notice (in this regulation and in regulation 9 referred to as a “prohibition notice”) to a society or institution prohibiting the society or institution to which it is given from operating new accounts.
The circumstances specified in this paragraph are where the Board have reason to believe that the society or institution has failed to comply with any provision of the principal sections or of these Regulations.
A prohibition notice shall state–
the date from which the society or institution is prohibited from operating new accounts; and
the circumstances in which the notice is given.
A prohibition notice shall remain in force until it is cancelled by a further notice given by the Board to the society or institution withdrawing the prohibition from operating new accounts or it is quashed by the Special Commissioners on appeal.