Section 1098F

A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations. The Secretary of State may by regulations— provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar; provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph (a). The provision that can be made under subsection (2) includes provision as to— procedure; the period of a suspension; the revocation of a suspension. The provision that can be made in regulations under subsection (2) includes provision conferring a discretion on the registrar. Regulations under subsection (2) are subject to affirmative resolution procedure. In this section “Money Laundering Regulations” has the meaning given by section 1098B(8).

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