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Financial Services (Banking Reform) Act 2013

Section 25: Duty to notify regulator of grounds for withdrwal of approval

183.Section 25 amends section 63 of FSMA to require relevant authorised persons to consider at least once a year for each of the people who have been approved by the regulator whether any grounds have arisen which might cause the regulator to withdraw that approval, and to notify the regulator if this is the case.

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