Grounds for refusal of authority
138 Grounds for refusal of authority
A ground under a provision of this Act for refusing the issue, renewal or restoration of an authority that was not a ground for that refusal before the commencement of the provision (whether the ground was under this Act or a regulation under this Act) does not apply to an application for the issue, renewal or restoration of an authority made before the commencement of the provision, and does not apply to an authority issued, renewed or restored before that commencement until the first renewal of the authority after that commencement.
A reference in a provision of section 33B to a members’ voluntary winding up applies in respect of an authority in force immediately before the commencement of the provision as if the reference included a reference to a creditors’ voluntary winding up, but only until the first renewal of the authority after that commencement.
This provision refers to the regulations (a regulation
). Made under this Act:
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