120Amendment of supervisor certificate by Regulatory Authority

120 Amendment of supervisor certificate by Regulatory Authority

120 Amendment of supervisor certificate by Regulatory Authority

(1) The Regulatory Authority may amend a supervisor certificate at any time.

(2) Without limiting subsection (1), an amendment may vary a condition of the supervisor certificate or impose a new condition on the supervisor certificate.

(3) The Regulatory Authority must give written notice to the certified supervisor of the amendment.

(4) An amendment under this section has effect—

(a) 14 days after the Regulatory Authority gives notice of the amendment under subsection (3); or

(b) if another period is specified by the Regulatory Authority, at the end of that period.