260 Procedure: refusal to revoke or vary direction.U.K.
(1)If on an application under section 257(6) for a direction to be revoked or varied the [F1FCA] proposes—
(a)to vary the direction otherwise than in accordance with the application, or
(b)to refuse to revoke or vary the direction,
it must give the applicant a warning notice.
(2)If the [F1FCA] decides to refuse to revoke or vary the direction—
(a)it must give the applicant a decision notice; and
(b)the applicant may refer the matter to the Tribunal.
Textual Amendments
F1Word in ss. 254-262 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 9(1)(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 260 wholly in force at 1.12.2001; s. 260 not in force at Royal Assent see s. 431(2); s. 260 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 260 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)