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Part XVIIU.K. Collective Investment Schemes

Chapter VU.K. Recognised Overseas Schemes

Individually recognised overseas schemesU.K.

276 Procedure when refusing an application.U.K.

(1)If the [F1FCA] proposes to refuse an application made under section 272 it must give the applicant a warning notice.

(2)If the [F1FCA] 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.

Textual Amendments

F1Word in ss. 271-283B 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. 276 wholly in force at 1.12.2001; s. 276 not in force at Royal Assent see s. 431(2); s. 276 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 276 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)