C1F2Part 18ASUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

313BEF1Decisions on applications for revocation by issuers

1

This section applies where, having considered any representations made in response to a warning notice, the F3FCA has decided whether to grant an application for revocation made under section 313BD.

2

The F3FCA must give written notice to the issuer if the F3FCA decides to revoke the requirement.

3

If the F3FCA is required to give written notice under subsection (2) in relation to a requirement imposed on a class, the F3FCA must also give notice of its decision by publishing it by means of a regulatory information service.

4

The F3FCA must give the issuer a decision notice if—

a

in the case of a requirement imposed on an institution, the F3FCA decides not to revoke the requirement, or

b

in the case of a requirement imposed on a class, the F3FCA decides not to revoke the requirement or makes a decision to revoke the requirement in relation to—

i

the class apart from one or more specified members of it, or

ii

one or more specified members of the class only.

5

If the F3FCA is required to give a decision notice under subsection (4)(b), it must also give notice of its decision by publishing it by means of a regulatory information service.

6

If the F3FCA gives a decision notice under subsection (4), the issuer may refer the matter to the Tribunal.