S.L. 405.1 Art. 8Notice of proposal not to include an applicantonthelist of security approvedregulated agents.

(1) Where the Minister proposes not to include an applicant on the list of security approved regulated agents, he shall give notice to the applicant of such proposal and of the reasons for it.

(2) The applicant may make representations to the Minister within twenty-eight days from the date of the Minister’s notice under subregulation (1).

(3) The Minister shall take into account any representations made under subregulation (2) before reaching a decision as to the inclusion of the applicant on the list.

(4) Where the Minister decides not to include an applicant on the list, he shall give notice to the applicant of his decision and of the reasons for it.

(5) Any applicant whom the Minister decides not to include on the list of security approved regulated agents may not re-apply for such inclusion until after the expiry of a period of twelve months starting from the date of the Minister’s notice under subregulation (4).