Financial Services and Markets Act 2000 Explanatory Notes

Section 321: Requirements imposed under 320

576.This section requires the Authority to follow the specified procedures when exercising the powers set out in section 320.  The arrangements are consistent with other notice arrangements under the Act and they give former names on whom requirements are imposed the opportunity to make representations.  Subsection (11) confers a right on former names to refer a matter to the Tribunal in certain circumstances.

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