Part XVII Collective Investment Schemes

Chapter V Recognised Overseas Schemes

Schemes recognised under sections 270 and 272

280 Procedure.

C11

If the Authority proposes to give a direction under section 279 or to make an order under that section revoking a recognition order, it must give a warning notice to the operator and (if any) the trustee or depositary of the scheme.

2

If the Authority decides to give a direction or make an order under that section—

a

it must without delay give a decision notice to the operator and (if any) the trustee or depositary of the scheme; and

b

the operator or the trustee or depositary may refer the matter to the Tribunal.