Source: http://www.legislation.gov.uk/ukpga/2000/8/section/63/2010-03-06
Timestamp: 2019-04-24 21:17:17
Document Index: 679622366

Matched Legal Cases: ['art. 6', 'art. 23', 'art. 23', 'art. 23', 'art. 2', 'art. 2']

Point in time view as at 06/03/2010. This version of this provision has been superseded.
63 Withdrawal of approval.E+W+S+N.I.
(1)The Authority may withdraw an approval given under section 59 if it considers that the person in respect of whom it was given is not a fit and proper person to perform the function to which the approval relates.
(2)When considering whether to withdraw its approval, the Authority may take into account any matter which it could take into account if it were considering an application made under section 60 in respect of the performance of the function to which the approval relates.
(3)If the Authority proposes to withdraw its approval, it must give each of the interested parties a warning notice.
(4)If the Authority decides to withdraw its approval, it must give each of the interested parties a decision notice.
(5)If the Authority decides to withdraw its approval, each of the interested parties may refer the matter to the Tribunal.
C1S. 63 modified (1.7.2009 for certain purposes, otherwise 30.6.2010) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 34, Sch. paras. 1, 3
C3S. 63 applied (with modifications) (31.12.2011) by The Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), art. 6(3)
C4S. 63(1)(3)-(6) excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 61(2) (with art. 23(2))
C5S. 63(3) extended (1.12.2001) by S.I. 2001/3592, arts. 1(2), 52(2) (with art. 23(2))
C6S. 63(4) modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 75(2) (with art. 23(2))
I1S. 63 wholly in force at 1.12.2001; s. 63 not in force at Royal Assent see s. 431(2); s. 63 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 63 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)