Part 4Owners and officers of regulated clubs: suitability etc
Determinations relating to incumbent owners and officers
33Duties to notify IFR of change in circumstances relating to incumbent owner or officer
(1)
An individual who is an owner or officer of a regulated club must notify the IFR where the individual considers there has been, or may have been, a material change in circumstances which is relevant to whether the individual is suitable to be an owner or officer of the club (as the case may be).
(2)
A regulated club must notify the IFR where it considers that there has been, or may have been, a material change in circumstances which is relevant to whether an individual who is an owner or officer of the club is suitable to be an owner or officer of the club (as the case may be).
(3)
A notification under this section must—
(a)
identify the owner or officer in question,
(b)
explain the material change in circumstances, and
(c)
explain why the person giving the notification considers that the change in circumstances is relevant to whether the owner or officer in question is suitable to be an owner or officer of the club.