88Automatic show cause events—holders

88 Automatic show cause events—holders

88 Automatic show cause events—holders

(1) This section applies to an automatic show cause event that occurs in relation to the holder of a certificate.

(2) The holder must, in accordance with subsection (3), give the designated local regulatory authority—

(a) a written notice stating that the show cause event occurred; and

(b) a written statement explaining why, despite the show cause event, the holder considers himself or herself to be a fit and proper person to hold a certificate.

(3) The holder must give the designated local regulatory authority—

(a) the notice within 7 days after the show cause event occurred; and

(b) the statement within 28 days after the show cause event occurred or a longer period allowed by the designated local regulatory authority (not exceeding the maximum period specified in the Uniform Rules) on application made by the holder within the applicable period.

(4) The designated local regulatory authority may nevertheless accept a statement received out of time.