SCHEDULE 7Surrender of authorisation
Decision
I14
1
The Scottish Ministers must, within 28 days beginning with the day after the period mentioned in paragraph 3(2) ends, decide whether to agree to the proposed surrender.
2
In making their decision, the Scottish Ministers must have regard to—
a
any advice given to them by the Lord President,
b
any representations made to them by the other consultees under paragraph 3(1),
c
any further representation made to them by the approved regulator.
3
The Scottish Ministers must—
a
send to the approved regulator a notice (a “decision notice”) of their decision,
b
notify the consultees under paragraph 3(1) of their decision,
c
publish the decision notice in such manner as they consider appropriate for bringing it to the attention of any relevant person or body.
4
For the purpose of this schedule, relevant persons or bodies include—
a
other approved regulators,
b
providers of legal services,
c
organisations representing the interests of consumers,
d
members of the public.