Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 22 July 2013 - onwards
  Version 5 of 5    

271. Procedure

Omitted from 22 July 2013

(1) If the FCA proposes to refuse approval of a scheme's being a recognised scheme by virtue of section 270, it must give the operator of the scheme a warning notice.

(2) To be valid the warning notice must be received by the operator before the end of two months beginning with the date on which notice was given under section 270(1)(c).

(3) If, having given a warning notice, the FCA decides to refuse approval -

(a) it must give the operator of the scheme a decision notice; and

(b) the operator may refer the matter to the Tribunal.

Comparing proposed amendment...