Part XVIICollective Investment Schemes
Chapter VRecognised Overseas Schemes
Individually recognised overseas schemes
276Procedure when refusing an application
(1)
If the Authority proposes to refuse an application made under section 272 it must give the applicant a warning notice.
(2)
If the Authority 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.