SCHEDULES

[F1SCHEDULE 3U.K.Redress Schemes

Withdrawal of approval by the [F2lead enforcement authority] U.K.

10U.K.The [F3lead enforcement authority] may withdraw approval of a redress scheme which is for the time being approved by it.

11U.K.Before withdrawing approval of a scheme, the [F4lead enforcement authority] 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.

12U.K.The [F5lead enforcement authority] must give the scheme administrator a notice stating—

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

(b)the reasons for its decision.

13U.K.If the [F6lead enforcement authority] 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.]