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Section 260: Procedure: refusal to revoke or vary direction.

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XVII: Collective Investment Schemes — Chapter III: Authorised Unit Trust Schemes

If on an application under section 257(6) for a direction to be revoked or varied the FCA proposes—

to vary the direction otherwise than in accordance with the application, or
to refuse to revoke or vary the direction,

it must give the applicant a warning notice.

If the FCA decides to refuse to revoke or vary the direction—

it must give the applicant a decision notice; and
the applicant may refer the matter to the Tribunal.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.