F1Part 18ASUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING

F2313BEDecisions on applications for revocation by issuers

(1)

This section applies where, having considered any representations made in response to a warning notice, the F3FCA has decided whether to grant an application for revocation made under section 313BD.

(2)

The F3FCA must give written notice to the issuer if the F3FCA decides to revoke the requirement.

(3)

If the F3FCA is required to give written notice under subsection (2) in relation to a requirement imposed on a class, the F3FCA must also give notice of its decision by publishing it by means of a regulatory information service.

(4)

The F3FCA must give the issuer a decision notice if—

(a)

in the case of a requirement imposed on an institution, the F3FCA decides not to revoke the requirement, or

(b)

in the case of a requirement imposed on a class, the F3FCA decides not to revoke the requirement or makes a decision to revoke the requirement in relation to—

(i)

the class apart from one or more specified members of it, or

(ii)

one or more specified members of the class only.

(5)

If the F3FCA is required to give a decision notice under subsection (4)(b), it must also give notice of its decision by publishing it by means of a regulatory information service.

(6)

If the F3FCA gives a decision notice under subsection (4), the issuer may refer the matter to the Tribunal.