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AI Summary of Regulation 79E Enforcement of removal notice

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards

Regulation 79E Enforcement of removal notice

Where -

(a) a removal notice has effect and -

(b) either -

(i) the person to whom the notice relates performs any function as a member of the management body in contravention of the removal notice, or

(ii) an institution, financial holding company or mixed financial holding company on which the removal notice was served permits the person to whom the removal notice relates to perform any function as a member of the management body in contravention of a removal notice,

the Bank may apply ex parte to the court for an order directing the person or institution, financial holding company or mixed financial holding company, as the case may be, to comply with the notice.