Revocation, or suspension, of approval of a money adviser
9.—(1) The DAS administrator shall revoke the approval of a money adviser where MATRICS certify that the adviser is no longer recommended for approval by the DAS administrator as a money adviser.
(2) The DAS administrator may revoke the approval of a money adviser where–
(a)an adviser for a debtor fails without good cause to respond to a requirement by the DAS administrator for the adviser to provide evidence or information relating to the operation of the debt payment programme of the debtor; or
(b)in the opinion of the DAS administrator the adviser–
(i)has failed without good cause to carry out a function of an adviser under the Act or these Regulations; and
(ii)continues to fail to carry out that function, after 2 weeks from the date of written notice to the adviser of that failure.
(3) The DAS administrator shall suspend the approval of a money adviser for a period of 6 months, where MATRICS certify that the adviser is temporarily unable to carry out the functions of an adviser under the Act or these Regulations.