Revocation of standard licences
24.—(1) The Department shall direct that a standard licence be revoked if at any time it appears to the Department that the licence-holder is no longer—
(a)of good repute,
(b)of the appropriate financial standing, or
(c)professionally competent;
and the Department shall determine whether or not that is the case in accordance with regulations.
(2) In subsection (1) “good repute”, “appropriate financial standing” and “professionally competent” have the same meaning as in regulations under section 12(3).
(3) A notice under section 26(1) shall state the grounds on which the Department is considering giving a direction under subsection (1) and shall also state—
(a)that written representations with respect to those grounds may be made to the Department by the licence-holder, and
(b)that any such representations must be received by the Department within 21 days of the date of the notice;
and the Department shall consider any representations duly made under this subsection.
(4) This section has effect subject to section 26 (and, in particular, nothing in subsection (4) shall be taken to affect a person’s right under section 26(1) to require the holding of an inquiry).