If the Regulator revokes the approval of an accreditation scheme, the following provisions have effect:
(a) subject to paragraph (b), a person accredited under the scheme continues to be accredited (the continued accreditation ) for all purposes as if the approval had not been revoked;
(b) the continued accreditation ceases to be in effect at the end of the earlier of:
(i) unless otherwise agreed in writing with the Regulator--the day the person's accreditation would have ceased to be in effect if the approval of the accreditation scheme had not been revoked; and
(ii) 12 months after the day the revocation of the approval of the accreditation scheme comes into effect.