Regulator may make changes to conditions or restrictions
91 Regulator may make changes to conditions or restrictions
The Regulator may, subject to this section, at any time, vary or cancel a condition or restriction imposed by the Regulator to which the registration of a registered person is subject or impose a new condition or restriction.
Before taking action under this section, the Regulator must —
give the registered person written notice of the action that the Regulator proposes to take; and
allow the registered person to make written representations about the intended action within 28 days (or any other period that the Regulator and the registered person agree on); and
consider any representations made under paragraph (b) and not withdrawn.
Subsection (2) does not apply if the Regulator considers it necessary to take immediate action in the interests of safety.
The Regulator must, by written notice given to the registered person, provide —
details of any action taken under subsection (1); and
a statement of reasons for any action taken under subsection (1); and
information about the right of review under Part 7.
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