SRA Handbook

Effect of approval

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Version 11 of the Handbook was published on 01/10/2014. For more information, please click 'History' Above

Rule 16: Effect of approval

16.1

Approval takes effect from the date of the decision unless otherwise stated and remains effective only if the candidate takes up the position for which he or she has been approved within the period specified in the notice of approval.

16.2

Subject to Rule 16.1, approval continues until:

(a)

it is withdrawn by the SRA; or

(b)

the approved person ceases to be a manager, interest holder, COLP or COFA of the authorised body, as appropriate.

Guidance note

(i)

The period specified in the notice of approval in Rule 16.1 will normally be 90 days although may be varied in individual cases.