Section 25(2A)

At least once a year each relevant authorised person must, in relation to every person in relation to whom an approval has been given on the application of the authorised person— (For the meaning of “relevant authorised person”, see section 71A.) 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