Account manager—withdrawal by Board of approval17
1
This regulation specifies the circumstances (“the disqualifying circumstances") in which the Board may by notice withdraw their approval of a person as an account manager in relation to an account.
2
The disqualifying circumstances to which paragraph (1) refers are that the Board have reason to believe—
a
that any provision of these Regulations is not or at any time has not been satisfied in respect of an account managed by the account manager; or
b
that a person to whom they have given approval to act as an account manager is not qualified so to act.
3
The notice to which paragraph (1) refers—
a
may withdraw an approval in part, that is, in respect of particular types of accounts specified in the notice;
b
shall specify the date from which the Board’s approval is withdrawn; and
c
shall specify the disqualifying circumstances.