Assurances
63B Assurances
The
Commission may accept an assurance given by a person in connection with a matter in relation to which the Commission has a power or function under this Act.
The
Technical Regulator may accept an assurance given by a person in connection with a matter in relation to which the Technical Regulator has a power or function under this Act.
An assurance under this section must be in writing.
A person who has given an assurance may, with the consent of the
Commission or the Technical Regulator (as the case requires), withdraw or vary the assurance at any time.
If the Commission or the Technical Regulator accepts an assurance, the
Commission or the Technical Regulator must not proceed against the person who has given the assurance in respect of the conduct specified in the assurance, unless it appears to the Commission or the Technical Regulator that the person has acted contrary to, or has failed to comply with, the assurance.
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