Part XVII

Collective Investment Schemes
Chapter V

Recognised Overseas Schemes

Individually recognised overseas schemes

Procedure when refusing an application
276
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.