SRA Handbook

Revocation of recognition

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Version 1 of the Handbook was published on 16/09/2011. For more information, please click 'History' Above

Regulation 11: Revocation of recognition

11.1

The SRA may revoke a body's recognition, if:

(a)

recognition was granted as a result of error or fraud;

(b)

the body would not be eligible to be recognised if it were at that time applying for initial recognition;

(c)

the renewal date has passed and the SRA has not received an application for renewal of recognition and all required fees, information and documentation;

(d)

the body has a temporary emergency recognition but has not within the initial 28 day period or any extension of that period commenced a substantive application for recognition;

(e)

the body has ceased to practise;

(f)

an approved regulator other than the SRA has authorised the body;

(g)

the SRA has decided under regulation 2.4 not to renew the body's recognition; or

(h)

a relevant insolvency event within the meaning of paragraph 32(1A) of Schedule 2 to the AJA has occurred in relation to the recognised body which has not triggered expiry of recognition under regulation 12,

and the SRA is satisfied that revocation would not present a risk to clients, to the protection of client money or to any investigative process.

11.2

Revocation taking effect

(a)

Subject to (b) below, revocation takes effect on expiry of the notice period under regulation 6.2(a) or on such later date as may be stated in the notice.

(b)

If an appeal is made before the revocation takes effect, the revocation is suspended pending determination or discontinuance of the appeal, unless in the opinion of the SRA the proceedings on that appeal have been unduly protracted by the appellant or are unlikely to be successful.