[2025] UKUT 283 (AAC)

By s.13A(3) of the 1995 Act, a licence holder must be professionally competent within the meaning of paragraph 13 of Schedule 3 of the Act and by s.27(1) of the Act, a TC must revoke a licence if the licence holder no longer satisfies the professional competence requirements. However, by virtue of s.27(2) of the Act, a TC must not take such action without first giving notice to the licence holder that he is considering revocation of the licence (a “propose to revoke letter”) and by virtue of s.17(3)(A), they can set a time limit for the licence holder to rectify the position (“a period of grace”). If the position is not rectified within the time limit given, the licence shall be revoked unless further time for compliance is given prior to expiry of the first.