The Securitisation Regulations 2024
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Change 1
29 Temporary withdrawal of registration to provide third party verification service
(1) The FCA may decide to withdraw temporarily the registration of a third party verifier 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 a third party verification service 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) The FCA may— (a) revoke the temporary withdrawal imposed under paragraph (1), or (b) vary the period for which the temporary withdrawal has effect.
29 Temporary withdrawal of registration to provide third party verification service
(1) The FCA may decide to withdraw temporarily the registration of a third party verifier 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 a third party verification service 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) The FCA may— (a) revoke the temporary withdrawal imposed under paragraph (1), or (b) vary the period for which the temporary withdrawal has effect.
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