Finance (Provision of Access to Cash Infrastructure) Act 2025
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Bank may amend registration | ||
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22. (1) The Bank may, from time to time, amend a registration by varying, replacing or revoking any condition or, subject to section 19 , in the case of a CIT provider, by adding any further condition if the Bank considers that the variation, replacement, revocation or addition is necessary for the proper and orderly regulation of the business of the holder concerned as an ATM deployer or CIT provider, as the case may be, under this Act. | ||
(2) If the Bank proposes to amend a registration under this section, the Bank shall give to the holder a notice informing the holder of the Bank’s intention to amend the registration. | ||
(3) The notice shall— | ||
(a) specify the proposed amendment, and | ||
(b) inform the holder that the holder may, within 21 days after giving the notice, make representations in writing to the Bank showing why the Bank should not make that amendment. | ||
(4) Not later than 21 days after a notice is given to the holder under subsection (2), the holder may make representations in writing to the Bank showing why the Bank should not amend the registration. | ||
(5) The Bank may decide to amend a registration only after having considered any representations to the Bank made in accordance with subsection (4). | ||
(6) As soon as practicable after deciding to amend a registration under this section, the Bank shall give notice of the decision to the holder, and the notice shall include a statement setting out the reasons for that decision. | ||
(7) A decision of the Bank to amend a registration is an appealable decision for the purposes of Part VIIA of the Act of 1942. | ||
(8) The amendment of a registration under this section takes effect from the date of the notice of the decision under subsection (6), or, if a later date is specified in the notice, from that date, whether or not an appeal against the decision is made by virtue of subsection (7). |