Reassessment by the Director of capital and liability to make a paymentE+W
This
adran has no associated
Memorandwm Esboniadol
35. Where—
(a)an individual complies with a request for information or documentary evidence in relation to capital under regulation 7(3) or 7(4);
(b)new information in relation to an individual’s capital comes to light;
(c)it appears to the Director that there has been a miscalculation of an individual’s capital or an administrative error; or
(d)an individual notifies the Director of a change in financial circumstances in accordance with regulation 34 and does so—
(i)within 28 days of the day on which the capital contribution order was issued; or
(ii)otherwise with a reasonable excuse,
the Director must reassess the individual’s capital.
Commencement Information
I1Reg. 35 in force at 1.4.2013, see reg. 1