3

The notice to which paragraph (1) refers must specify—

a

the disqualifying circumstances;

b

that the withdrawal shall only be effective from the date on which the last of the accounts has been transferred to another provider; and

c

that from the date of the notice, the account provider must not accept subscriptions or open any new accounts.

5

From the date of the notice, the account provider must not accept subscriptions or open new accounts.