Financial Services and Markets Act 2000

245 Procedure when refusing an application.U.K.
This section has no associated Explanatory Notes

(1)If the Authority proposes to refuse an application made under section 242 it must give each of the applicants a warning notice.

(2)If the Authority decides to refuse the application—

(a)it must give each of the applicants a decision notice; and

(b)either applicant may refer the matter to the Tribunal.

Commencement Information

I1S. 245 wholly in force at 1.12.2001; s. 245 not in force at Royal Assent see s. 431(2); s. 245 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 245 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)