Part XVII Collective Investment Schemes

Chapter V Recognised Overseas Schemes

Individually recognised overseas schemes

I1276 Procedure when refusing an application.

1

If the Authority proposes to refuse an application made under section 272 it must give the applicant a warning notice.

2

If the Authority decides to refuse the application—

a

it must give the applicant a decision notice; and

b

the applicant may refer the matter to the Tribunal.