xmlns:atom="http://www.w3.org/2005/Atom"

PART 18Service providers who are liquidated etc. or who have died

Appointment of liquidators etc.

66.  An appointed person(1) must—

(a)without delay, give written notification to the service regulator of their appointment and the reasons for their appointment;

(b)within 28 days of their appointment, notify the service regulator of their intentions regarding the future operation of the service.

Death of the service provider

67.—(1) Where the service provider who is an individual has died, the personal representatives of the individual must—

(a)without delay, give written notification of the death to the service regulator;

(b)within 28 days of the death, notify the service regulator of their intentions regarding the future operation of the service.

(2) The personal representatives of the individual may act in the capacity of the service provider for a period not exceeding 28 days or for such longer period (not exceeding one year) as the service regulator may agree.

(3) Where the personal representatives are acting in the capacity of the service provider in accordance with paragraph (2), Part 1 of the Act applies with the following modifications—

(a)section 5 (requirement to register) does not apply;

(b)section 21(2) (responsible individuals) is to be read as though after paragraph (a) there were inserted—

(aa)where the personal representatives of a service provider who has died are acting in the capacity of the service provider, be one of the personal representatives;.

(1)

“Appointed person” has the same meaning as in section 30 of the Act.