Financial Services Bill (HL Bill 48)

(ii) about the provision (if any) that is or should be made
under section 34A.

(3) In the case of a group licence the OFT must—

(a) 45give general notice that the OFT is suspending the licence from
the date of the notice or from a later date specified in the notice,

(b) state in the notice the OFT’s reasons for the suspension,

(c) state in the notice either—

(i) that the suspension is to end on a specified date, which
must be no later than the last day of the 12 months
5beginning with the day on which the suspension takes
effect, or

(ii) that the duration of the suspension is to be as provided
by section 32B,

(d) specify in the notice any provision to be made under section
1034A, and

(e) in the notice invite any licensee to submit to the OFT in
accordance with section 34ZA representations as to the
suspension.

(a)(a)give general notice that the OFT is suspending the licence from
15the date of the notice or from a later date specified in the notice,