Procedure on suspensionU.K.
16.—(1) The suspension of the registration of a registered consumer buy-to-let mortgage firm takes effect—
(a)immediately, if the notice given under paragraph (4) states that that is the case;
(b)on such date as may be specified in the notice; or
(c)if no date is specified in the notice, when the matter to which it relates is no longer open to review.
(2) A suspension may take effect immediately or on a specified date only if the FCA, having regard to the ground on which it is exercising its power under article 15, considers that it is necessary for the suspension to take effect immediately or on that date.
(3) If the FCA proposes to suspend the registration of a registered consumer buy-to-let mortgage firm other than at the firm's request or with the firm's consent, the FCA must give that firm a warning notice.
(4) If the FCA decides to suspend the registration of a registered consumer buy-to-let mortgage firm other than at the firm's request or with the firm's consent—
(a)the FCA must give that firm a decision notice, and
(b)that firm may refer the matter to the Tribunal.