sec.445What chief executive must do before taking proposed action, other than for class exemption

### sec.445 What chief executive must do before taking proposed action, other than for class exemption This section applies if the chief executive proposes to amend, suspend or cancel an approval or exemption, other than a class exemption (the proposed action ). Before taking the proposed action, the chief executive must give the holder of the approval or exemption written notice stating— the proposed action; and the grounds for the proposed action; and an outline of the facts and circumstances forming the basis for the grounds; and if the proposed action is to amend the approval or exemption, including a condition of the approval or exemption—the proposed amendment; and if the proposed action is to suspend the approval or exemption—the proposed suspension period; and an invitation to the holder of the approval or exemption to show in writing, within a stated time of at least 28 days, why the proposed action should not be taken. s 445 ins 2001 No. 79 s 34 (sec.445-ssec.1) This section applies if the chief executive proposes to amend, suspend or cancel an approval or exemption, other than a class exemption (the proposed action ). (sec.445-ssec.2) Before taking the proposed action, the chief executive must give the holder of the approval or exemption written notice stating— the proposed action; and the grounds for the proposed action; and an outline of the facts and circumstances forming the basis for the grounds; and if the proposed action is to amend the approval or exemption, including a condition of the approval or exemption—the proposed amendment; and if the proposed action is to suspend the approval or exemption—the proposed suspension period; and an invitation to the holder of the approval or exemption to show in writing, within a stated time of at least 28 days, why the proposed action should not be taken. - (a) the proposed action; and - (b) the grounds for the proposed action; and - (c) an outline of the facts and circumstances forming the basis for the grounds; and - (d) if the proposed action is to amend the approval or exemption, including a condition of the approval or exemption—the proposed amendment; and - (e) if the proposed action is to suspend the approval or exemption—the proposed suspension period; and - (f) an invitation to the holder of the approval or exemption to show in writing, within a stated time of at least 28 days, why the proposed action should not be taken.