This section applies where, within the period specified under section 313B(3), (3A) or (4), representations are made to the FCA in relation to a requirement that it has proposed to impose or has imposed under section 313A.
The FCA must decide whether to impose the requirement or (in the case of a requirement that has been imposed) whether to revoke it.
In the case of a requirement that the FCA has proposed to impose on a class of institutions, the FCA may decide to impose the requirement—
In the case of a requirement that the FCA has imposed on a class of institutions, the FCA may decide to revoke it in relation to—
The FCA must give written notice of its decision to—
In the case of a requirement that the FCA has proposed to impose or has imposed on a class, the FCA must also give notice of its decision by publishing it by means of a regulatory information service unless the decision is—
An institution to which notice is required to be given under subsection (5) may refer the matter to the Tribunal if the FCA's decision is that the requirement will be imposed on, or will continue to apply to, the institution.
An issuer to whom notice is required to be given under subsection (5) may refer the matter to the Tribunal if the FCA's decision is that the requirement will be imposed on, or will continue to apply to, the institution or (in the case of a requirement relating to a class) any of the institutions in the class.
A notice given under subsection (5) must inform the recipient if the recipient has a right to refer the matter to the Tribunal.