Commentary on Sections Part 5 - Home Information Packs Section 174: Withdrawal of approval
393.This section provides that the Secretary of State can withdraw approval of a redress scheme. Subsection (2) specifies that before withdrawing approval the Secretary of State must serve a notice on the scheme administrator stating: that he proposes to withdraw approval, the reasons why, and that representations may be made within a specified period, which must not be less that 14 days.
394.If after this, the Secretary of State still wishes to withdraw approval from the scheme, he must then give a second notice of his decision, with reasons, to the scheme's administrator. The withdrawal of approval will take effect from the date specified in the second notice. The scheme administrator must give a copy of this second notice to every member of the scheme.