26FImmediate suspension and notice of proposed action

26F Immediate suspension and notice of proposed action (1) Despite section 26E, the ESC may suspend a VEET scheme registry account without giving the account holder notice under that section if the ESC considers that immediate suspension of the VEET scheme registry account is necessary, having regard to— (a) whether the account holder is a fit and proper person for the purposes of holding a VEET scheme registry account; and (b) the purposes of this Act. (2) On suspending a VEET scheme registry account under subsection (1), the ESC must give the account holder notice— (a) stating that the ESC is satisfied that there are grounds for the ESC to immediately suspend the VEET scheme registry account; and (c) inviting a submission from the account holder to establish why the ESC should not suspend the VEET scheme registry account; and (d) advising that the account holder may make a written submission to the ESC no later than— S. 26G inserted by No. 34/2022 s. 24.