Grant, refusal and withdrawal of authorisation
352.—(1) The competent authority may, on an application duly made in accordance with Article 351 and after being furnished with all such information as it may require under that Article, grant or refuse the application.
(2) The authority shall grant the application if it appears to it from the information furnished by the applicant and having regard to such other information, if any, as it may have—
(a)that the applicant is a fit and proper person to act as an insolvency practitioner, and
(b)that the applicant meets the prescribed requirements with respect to education and practical training and experience.
(3) An authorisation granted under this Article, if not previously withdrawn, continues in force for such period not exceeding the prescribed maximum as may be specified in the authorisation.
(4) An authorisation so granted may be withdrawn by the competent authority if it appears to it—
(a)that the holder of the authorisation is no longer a fit and proper person to act as an insolvency practitioner, or
(b)without prejudice to sub-paragraph (a), that the holder—
(i)has failed to comply with any provision of this Part or of any regulations made under this Part or Part XIII, or
(ii)in purported compliance with any such provision, has furnished the competent authority with false, inaccurate or misleading information.
(5) An authorisation granted under this Article may be withdrawn by the competent authority at the request or with the consent of the holder of the authorisation.