Section 63(2A)

At least once a year each ... authorised person must, in relation to every person in relation to whom an approval has been given on the application of the authorised person— ... consider whether there are any grounds on which a regulator could withdraw the approval under this section, and if the authorised person is of the opinion that there are such grounds, notify the regulator of those grounds.

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Source: legislation.gov.uk · retrieved 2026-09-04