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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 July 2013 - onwards
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279. Revocation of recognition

The FCA may revoke an order under section 272 if it appears to the FCA -

(a) that the operator, trustee or depositary of the scheme has contravened a requirement imposed on him by or under this Act;

(b) that the operator, trustee or depositary of the scheme has, in purported compliance with any such requirement, knowingly or recklessly given the FCA information which is false or misleading in a material particular;

(c) that one or more of the requirements for the making of the order are no longer satisfied; or

(d) that none of paragraphs (a) to (c) applies, but it is undesirable in the interests of the participants or potential participants that the scheme should continue to be recognised.

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