- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
8.—(1) The Secretary of State may withdraw the approval of a redress scheme.
(2) Before withdrawing approval of a scheme, the Secretary of State must give the scheme administrator a notice stating —
(a)that the Secretary of State proposes to withdraw approval of the scheme;
(b)the reasons for the proposed withdrawal of approval; and,
(c)that representations about the proposed withdrawal of approval may be made within such period of not less than 14 days as is specified in the notice.
(3) If approval is withdrawn, the Secretary of State must serve on the scheme administrator a notice stating—
(a)that approval of the scheme is to be withdrawn;
(b)the reasons why approval is to be withdrawn; and
(c)the date on which withdrawal of approval is to take effect.
(4) If the Secretary of State withdraws approval of the scheme, the scheme administrator must give a copy of the notice served by the Secretary of State under paragraph (3) to every member of the scheme before the end of the period of 30 days beginning with the day on which the scheme administrator first received the notice.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: