Central Bank Reform Act 2010
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Suspension notices that have not been confirmed — period of effect. |
28.— A suspension notice that has not been confirmed by the Head of Financial Regulation pursuant to section 29 — | |
(a) takes effect on its service on the regulated financial service provider for whom the suspended person performs the relevant controlled function, and | ||
(b) ceases to have effect— | ||
(i) at the end of the 10th day after that service, unless within that period it is confirmed in accordance with section 29 , or | ||
(ii) if before the end of that day the Head of Financial Regulation revokes the notice, when the notice is revoked. |