14.—(1) An authorised person may surrender his authorisation by giving notice in writing to the Regulator.
(2) Such a notice has effect—
(a)if it specifies a day as the day on which it is to have effect, and that day is, or is after, the day on which the Regulator receives it, on the specified day; or
(b)in any other case, on the day on which the Regulator receives it.