Section 279: Revocation of recognition.

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

Part XVII: Collective Investment Schemes — Chapter V: Recognised Overseas Schemes

The FCA may ... revoke an order under section 272 if it appears to the FCA—

that the operator, trustee or depositary of the scheme has contravened a requirement imposed on him by or under this Act;
that the operator, trustee or depositary of the scheme has, in purported compliance with any such requirement, knowingly or recklessly given the FCA information which is false or misleading in a material particular;
... that one or more of the requirements for the making of the order are no longer satisfied; or
that none of paragraphs (a) to (c) applies, but it is undesirable in the interests of the participants or potential participants that the scheme should continue to be recognised.

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