Central Bank Reform Act 2010

28.

Suspension notices that have not been confirmed — period of effect.

28.— A suspension notice that has not been confirmed by the Head of Financial Regulation pursuant to section 29

( a) takes effect on its service on the regulated financial service provider for whom the suspended person performs the relevant controlled function, and

( b) ceases to have effect—

(i) at the end of the 10th day after that service, unless within that period it is confirmed in accordance with section 29 , or

(ii) if before the end of that day the Head of Financial Regulation revokes the notice, when the notice is revoked.