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Financial Services and Markets Act 2000

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Financial Services and Markets Act 2000, Section 297 is up to date with all changes known to be in force on or before 24 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Yn ddilys o 03/09/2001

297 Revoking recognition.U.K.
This adran has no associated Nodiadau Esboniadol

(1)A recognition order may be revoked by an order made by the Authority at the request, or with the consent, of the recognised body concerned.

(2)If it appears to the Authority that a recognised body—

(a)is failing, or has failed, to satisfy the recognition requirements, or

(b)is failing, or has failed, to comply with any other obligation imposed on it by or under this Act,

it may make an order revoking the recognition order for that body even though the body does not wish the order to be made.

(3)An order under this section (“a revocation order”) must specify the date on which it is to take effect.

(4)In the case of a revocation order made under subsection (2), the specified date must not be earlier than the end of the period of three months beginning with the day on which the order is made.

(5)A revocation order may contain such transitional provisions as the Authority thinks necessary or expedient.

Modifications etc. (not altering text)

C1S. 297 amended (temp. from 3.9.2001 to 1.12.2001) by S.I. 2001/2659, arts. 1(2), 3(11); S.I. 2001/3538, art. 2(1)

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