Financial Services and Markets Act 2000

76 Decision on application.U.K.

This section has no associated Explanatory Notes

(1)The competent authority must notify the applicant of its decision on an application for listing—

(a)before the end of the period of six months beginning with the date on which the application is received; or

(b)if within that period the authority has required the applicant to provide further information in connection with the application, before the end of the period of six months beginning with the date on which that information is provided.

(2)If the competent authority fails to comply with subsection (1), it is to be taken to have decided to refuse the application.

(3)If the competent authority decides to grant an application for listing, it must give the applicant written notice.

(4)If the competent authority proposes to refuse an application for listing, it must give the applicant a warning notice.

(5)If the competent authority decides to refuse an application for listing, it must give the applicant a decision notice.

(6)If the competent authority decides to refuse an application for listing, the applicant may refer the matter to the Tribunal.

(7)If securities are admitted to the official list, their admission may not be called in question on the ground that any requirement or condition for their admission has not been complied with.

Modifications etc. (not altering text)