SCHEDULE 6Rescission of authorisation
Notice of intention
I1I23
1
Before rescinding the approved regulator's authorisation, the Scottish Ministers must give it a notice (a “notice of intention”) of their intention to do so.
2
The notice of intention must—
a
state that the Scottish Ministers intend to rescind the approved regulator's authorisation,
b
explain why they are satisfied as mentioned in paragraph 1.