Withdrawal of registration to provide third party verification service on initiative of FCAU.K.
31.—(1) The FCA may withdraw a registration to provide a third party verification service if it appears to the FCA that—
(a)the third party verifier is materially non-compliant with regulation 25(2),
(b)the third party verifier has failed, during a period of at least 12 months, to provide a third party verification service,
(c)the third party verifier has obtained the registration to provide third party verification services through false statements or other irregular means,
(d)the third party verifier has failed to comply with regulation 25(3), or
(e)it is desirable to do so to advance one or more of the FCA’s operational objectives set out in section 1B(3) of FSMA 2000.
(2) Where the period for a reference to the Tribunal has expired without a reference being made, the FCA must as soon as practicable update the register accordingly.
Commencement Information
I1Reg. 31 in force at 30.1.2024 for specified purposes and 1.11.2024 (the main commencement day) in so far as not already in force, see reg. 2(1)(e)(2)