Section 261G: Procedure when refusing an application

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

Part XVII: Collective Investment Schemes — CHAPTER3A: AUTHORISED CONTRACTUAL SCHEMES

If the FCA proposes to refuse an application made under section 261C, it must give each of the applicants a warning notice.

If the FCA decides to refuse the application—

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

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