Estate Agents Act 1979 (c. 38)

SCHEDULES

[F1 SCHEDULE 3 U.K. Redress Schemes

Textual Amendments

F1 Sch. 3 inserted (12.10.2007) by Consumers, Estate Agents and Redress Act 2007 (c. 17), s. 66(2), Sch. 6 para. 3; S.I. 2007/2934, art. 3, Sch.

Withdrawal of approval by the OFT U.K.

10 U.K. The OFT may withdraw approval of a redress scheme which is for the time being approved by it.

11 U.K. Before withdrawing approval of a scheme, the OFT must give the scheme administrator a notice stating—

(a) that it proposes to withdraw its approval;

(b) the grounds for the proposed withdrawal of approval; and

(c) that representations about the proposed withdrawal may be made within such period of not less than 30 days as is specified in the notice.

12 U.K. The OFT must give the scheme administrator a notice stating—

(a) its decision on a proposal to withdraw approval; and

(b) the reasons for its decision.

13 U.K. If the OFT decides to withdraw approval of a scheme—

(a) the withdrawal has effect from such date as may be specified in the notice under paragraph 12;

(b) the scheme administrator must give a copy of the notice under paragraph 12 to every member of the scheme.]