§ 55 — Proceedings for regulatory action

55.—(1) Before exercising any powers under section 53(1) or (2) or 54(2), the LTA must give written notice to the licensee or former licensee concerned —(a)

stating that the LTA intends to take regulatory action against the licensee or former licensee;

(b)

specifying the type of action in section 53(1) or (2) or 54(2) that the LTA proposes to take, and each instance of contravention or non‑compliance that is the subject of the action; and

(c)

specifying the time (being at least 14 days from the date of service of notice on the licensee, or former licensee, as the case may be) within which written representations may be made to the LTA with respect to the proposed action.

(2) The LTA may, after considering any written representation under subsection (1)(c), decide to take any regulatory action in section 53(1) or (2) or 54(2) that the LTA considers appropriate.

(3) Where the LTA has made any decision under subsection (2) against any licensee, the LTA must serve on the licensee, or former licensee, concerned a notice of its decision.

(4) Subject to section 68, a decision to revoke a licence under section 53(1), or to impose a regulatory action in section 53(2) or 54(2), which is specified in the notice given under subsection (3), takes effect from the date on which that notice is given, or on any other date that may be specified in the notice.

(5) Any suspension (whether partial or otherwise) or revocation of any licence under section 53 with respect to a licensee does not affect —(a)

the enforcement by any person of any right or claim against the licensee or the former licensee, as the case may be; or

(b)

the enforcement by the licensee or the former licensee (as the case may be) of any right or claim against any person.

(6) All financial penalties imposed under section 53(2) or 54(2) must be paid into the Consolidated Fund.

—(1) Before exercising any powers under section 53(1) or (2) or 54(2), the LTA must give written notice to the licensee or former licensee concerned —(a)

stating that the LTA intends to take regulatory action against the licensee or former licensee;

(b)

specifying the type of action in section 53(1) or (2) or 54(2) that the LTA proposes to take, and each instance of contravention or non‑compliance that is the subject of the action; and

(c)

specifying the time (being at least 14 days from the date of service of notice on the licensee, or former licensee, as the case may be) within which written representations may be made to the LTA with respect to the proposed action.

(2) The LTA may, after considering any written representation under subsection (1)(c), decide to take any regulatory action in section 53(1) or (2) or 54(2) that the LTA considers appropriate.

(3) Where the LTA has made any decision under subsection (2) against any licensee, the LTA must serve on the licensee, or former licensee, concerned a notice of its decision.

(4) Subject to section 68, a decision to revoke a licence under section 53(1), or to impose a regulatory action in section 53(2) or 54(2), which is specified in the notice given under subsection (3), takes effect from the date on which that notice is given, or on any other date that may be specified in the notice.

(5) Any suspension (whether partial or otherwise) or revocation of any licence under section 53 with respect to a licensee does not affect —(a)

the enforcement by any person of any right or claim against the licensee or the former licensee, as the case may be; or

(b)

the enforcement by the licensee or the former licensee (as the case may be) of any right or claim against any person.

(6) All financial penalties imposed under section 53(2) or 54(2) must be paid into the Consolidated Fund.