C1Part XVII Collective Investment Schemes

Annotations:
Modifications etc. (not altering text)

C1Chapter V Recognised Overseas Schemes

F1Schemes authorised in approved countries

Annotations:
Amendments (Textual)

271HProcedure when determining an application

1

If the FCA decides to make an order under section 271A granting an application under that section, it must give written notice of its decision to the applicant.

2

If the FCA proposes to refuse an application under section 271A, it must give the applicant a warning notice.

3

If the FCA decides to refuse the application, it must give the applicant a decision notice.

4

If the FCA gives the applicant a decision notice under subsection (3), the applicant may refer the matter to the Tribunal, except where the FCA refuses the application on the ground that it is not satisfied that a condition in section 271G(2)(a) or (c) is met.