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±õ²Ô regulation 78(2)(b) a permanent prohibition on management can be issued to address significant risks associated if an individual was allowed to continue having a management role.ÌýÌý

The effect is to permanently remove the individual from holding an office or position involving responsibility for taking decisions about the management of a business (relevant person) a management roleÌýwithin a named business, specified sector or any supervised business. A permanent prohibition on management is a significant sanction as it impacts on the individual's livelihood and should only be used where the circumstances and risk(s) warrant it and HMRC concludes that this risk is significant and cannot be mitigated.Ìý

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