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PART 4 U.K.Approvals

CHAPTER 3U.K.Procedure: decisions, appeals and notices

AppealsU.K.

56.—(1) An undertaking may refer the matter to the Tribunal where it is aggrieved at—

(a)the determination by the PRA of an application for the—

(i)grant of an approval to an undertaking; or

(ii)variation of an approval granted to an undertaking;

(b)in respect of an approval that was granted to that undertaking, the exercise by the PRA of a power to—

(i)vary the approval; or

(ii)revoke the approval.

(2) Part 9 of FSMA (hearings and appeals) applies to a reference to the Tribunal under this regulation as it applies to a reference to the Tribunal under FSMA.