Part XVII Collective Investment Schemes

F1CHAPTER 3AAUTHORISED CONTRACTUAL SCHEMES

Annotations:

Applications refused

261GProcedure when refusing an application

1

If the FCA proposes to refuse an application made under section 261C, it must give each of the applicants a warning notice.

2

If the FCA 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.