s 1098F Ceasing to be an authorised corporate service provider
(1) A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations. (2) The Secretary of State may by regulations— (a) provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar; (b) provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph (a). (3) The provision that can be made under subsection (2) includes provision as to— (a) procedure; (b) the period of a suspension; (c) the revocation of a suspension. (4) The provision that can be made in regulations under subsection (2) includes provision conferring a discretion on the registrar. (5) Regulations under subsection (2) are subject to affirmative resolution procedure. (6) In this section “ Money Laundering Regulations ” has the meaning given by section 1098B(8).