22.—(1) Any person to whom paragraph (2) applies must—
(a)notify the Commission of their appointment and the reasons for their appointment;
(b)appoint a manager to manage the regulated activity in any cases where there is not a registered manager; and
(c)before the end of the period of 28 days beginning with the date of their appointment, notify the Commission of their intentions regarding the future carrying on of the regulated activity.
(2) This paragraph applies to any person appointed as—
(a)a receiver or manager of the property of the relevant company(1);
(b)the liquidator or provisional liquidator of a relevant company; or
(c)the trustee in bankruptcy of a relevant individual(2).
See section 41(3) of the Act for the definitions of “company” and “relevant company”.
See section 41(3) of the Act for the definition of “relevant individual”.