92Designated show cause events—action by local regulatory authority

92 Designated show cause events—action by local regulatory authority

92 Designated show cause events—action by local regulatory authority

(1) If the holder provides a statement required by this Subdivision, the designated local regulatory authority must determine whether the person concerned is a fit and proper person to hold a certificate.

(2) The designated local regulatory authority may vary, suspend or cancel, or may refuse to renew, a certificate if the holder—

(a) fails to provide a statement as required by this Subdivision; or

(b) has provided a statement in accordance with this Subdivision but the designated local regulatory authority does not consider that the holder has shown in the statement that, despite the show cause event, he or she is a fit and proper person to hold a certificate (or can be considered such a fit and proper person if the designated local regulatory authority is satisfied that doing so is warranted in the circumstances); or

(c) has failed without reasonable excuse to comply with a requirement under Chapter 7 made in connection with an investigation of the show cause event concerned or has committed an offence under that Chapter in connection with any such investigation.

(3) If the designated local regulatory authority determines that the person is such a fit and proper person (or can be considered such a fit and proper person if the designated local regulatory authority is satisfied that doing so is warranted in the circumstances), it must take no further action in relation to the show cause event but may impose a discretionary condition that it considers appropriate in the circumstances.

(4) If the designated local regulatory authority determines that the person is not such a fit and proper person (or cannot be so considered such a fit and proper person), it may take the action specified in the notice referred to in section 90 or take less onerous action that the designated local regulatory authority considers appropriate.

(5) In determining a matter under this section, the designated local regulatory authority—

(a) may, but need not, conduct an investigation into the matter; and

(b) is not limited to making its determination, or conducting any such investigation, on the basis of just the designated show cause event concerned; and