35Taking regulatory action

35 Taking regulatory action (1) The registrar may take the proposed regulatory action against a licensee if the registrar— (a) has given the licensee a show cause notice in accordance with section 34; and section 34 (2) (c); and (c) is satisfied it is appropriate to take the proposed regulatory action against the licensee. (2) If the registrar decides to take the proposed regulatory action, the registrar must give the licensee a written notice (a regulatory action notice) that states— (a) that the proposed regulatory action will be taken; and (b) the day on which the regulatory action will take effect. (3) Regulatory action takes effect— (a) if the regulatory action is suspension or cancellation of the licensee’s licence— (i) 14 days after the day the regulatory action notice is given to the licensee; or (ii) if a later date is stated in the notice—that date; or (b) in any other case—on the day stated in the regulatory action notice.