(1) The Registrar must notify a financial service provider and any relevant licensing authority of the Registrar’s intention to deregister the provider under section 18(1).
(2) The Registrar’s notice must set out—
(a) that the Registrar intends to deregister the provider under section 18(1) (stating whichever paragraph applies); and
(b) the reasons why the Registrar considers the relevant paragraph in section 18(1) applies; and
(c) that there is a notice period before deregistration occurs during which the provider may object, under section 20, to the deregistration.