Part XVII Collective Investment Schemes
Chapter V Recognised Overseas Schemes
Individually recognised overseas schemes
276 Procedure when refusing an application.
(1)
If the F1FCA proposes to refuse an application made under section 272 it must give the applicant a warning notice.
(2)
If the F1FCA decides to refuse the application—
(a)
it must give the applicant a decision notice; and
(b)
the applicant may refer the matter to the Tribunal.