Part III Licensing of Credit and Hire Businesses

Renewal, variation, suspension and revocation of licences

32 Suspension and revocation.

(1)

Where at a time during the currency of a licence the F1OFT is of the opinion that if the licence had expired at that time F2it would have been minded not to renew it, and that therefore it should be revoked or suspended, F2it shall proceed as follows.

(2)

In the case of a standard licence the F1OFT shall, by notice—

(a)

inform the licensee that, as the case may be, the F1OFT is minded to revoke the licence, or suspend it until a specified date or indefinitely, stating F3its reasons, and

(b)

invite him to submit representations as to the proposed revocation or suspension in accordance with section 34.

(3)

In the case of a group licence the F1OFT shall—

(a)

give general notice that, as the case may be, F4it is minded to revoke the licence, or suspend it until a specified date or indefinitely, stating F5its reasons, and

(b)

in the notice invite any licensee to submit to F6it representations as to the proposed revocation or suspension in accordance with section 34.

(4)

In the case of a group licence issued on application the F1OFT shall also—

(a)

inform the original applicant that, as the case may be, the F1OFT is minded to revoke the licence, or suspend it until a specified date or indefinitely, stating F7its reasons, and

(b)

invite him to submit representations as to the proposed revocation or suspension in accordance with section 34.

(5)

If F8it revokes or suspends the licence, the F1OFT may give directions authorising a licensee to carry into effect agreements made by him before the revocation or suspension.

(6)

General notice shall be given of the revocation or suspension of a group licence.

(7)

A revocation or suspension under this section shall not take effect before the end of the appeal period.

(8)

Except for the purposes of section 29, a licensee under a suspended licence shall be treated, in respect of the period of suspension, as if the licence had not been issued; and where the suspension is not expressed to end on a specified date it may, if the F1OFT thinks fit, be ended by notice given by F9it to the licensee or, in the case of a group licence, by general notice.