Section 309P: Procedure for withdrawing approval

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

Part XVIII: Recognised investment exchanges, clearing houses , CSDs and other parties — CHAPTER 2A: Performance of functions of recognised bodies

If the appropriate regulator proposes to withdraw an approval given under section 309G, it must—

comply with such consultation requirements as may be prescribed, and
give each of the interested parties a warning notice.

If the appropriate regulator decides to withdraw the approval, it must give each of the interested parties a decision notice.

If the appropriate regulator decides to withdraw the approval, each of the interested parties may refer the matter to the Tribunal.

In this section, "the interested parties", in relation to an approval given under section 309G, are—

the relevant recognised body on whose application the approval was given,
the person in relation to whom the approval was given, and
the person by whom that person's services are retained, if not the relevant recognised body.

About this text

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.