If you lose your qualifying manager, how many days do you have to notify the board in writing?

When a qualifying manager is lost, it is essential to notify the board in a timely manner to ensure compliance with regulations and maintain the integrity of any ongoing operations. The correct timeframe for notifying the board in writing is 10 days. This requirement underscores the importance of keeping the licensing body informed about changes in key personnel, which is crucial for upholding the standards of the industry. Failure to notify within this specified period could lead to potential penalties or complications regarding your operational status. It’s important to adhere to this timeframe to avoid disruptions in your business activities and ensure continued compliance with regulatory expectations.