345 Disqualification.U.K.
(1)If it appears to the Authority that an auditor or actuary to whom section 342 applies has failed to comply with a duty imposed on him under this Act, it may disqualify him from being the auditor of, or (as the case may be) from acting as an actuary for, any authorised person or any particular class of authorised person.
(2)If the Authority proposes to disqualify a person under this section it must give him a warning notice.
(3)If it decides to disqualify him it must give him a decision notice.
(4)The Authority may remove any disqualification imposed under this section if satisfied that the disqualified person will in future comply with the duty in question.
(5)A person who has been disqualified under this section may refer the matter to the Tribunal.
Modifications etc. (not altering text)
C1S. 345 extended (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 78; S.I. 2001/3538, art. 2(1)
S. 345 amended (1.12.2001) by S.I. 2001/2657, arts. 1(1), 19 (which was revoked (8.10.2001) by S.I. 2001/3083, arts. 1(2), 23); S.I. 2001/3538, art. 2(1)
S. 345 amended (1.12.2001) by S.I. 2001/3083, arts. 1(2), 19; S.I. 2001/3538, art. 2(1)
C2Ss. 341-346 applied (with modifications) (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2)(c), 95, Sch. 5 para. 4 (with reg. 3)