75Surrender of accreditation

75 Surrender of accreditation

75 Surrender of accreditation

(1) Accreditation may only be surrendered in accordance with this section.

(2) If an accredited person intends to surrender accreditation, the accredited person must—

(a) give the Regulator written notice of the intention to surrender the accreditation; and

(b) provide the Regulator with details as to the arrangements proposed in relation to the cessation of the person’s railway operations.

(3) If the Regulator is satisfied as to the arrangements proposed in relation to the cessation of the accredited person’s railway operations, the Regulator must, as soon as reasonably practicable, by written notice given to the person, inform the person that the person’s accreditation may be surrendered in accordance with the proposed arrangements on the date specified in the notice.

(4) If the Regulator is not satisfied as to the arrangements proposed in relation to the cessation of the accredited person’s railway operations, the Regulator must, as soon as reasonably practicable, by written notice given to the person, inform the person—

(a) that the Regulator is not satisfied as to the proposed arrangements; and

(b) of the reasons for the Regulator’s dissatisfaction; and

(c) that the person’s accreditation may not be surrendered until the Regulator is satisfied as to the proposed arrangements.