(1) If the FCA proposes to make an order under section 279 revoking a recognition order, it must give a warning notice to the operator and (if any) the trustee or depositary of the scheme.
(2) If the FCA decides to make an order under that section -
(a) it must without delay give a decision notice to the operator and (if any) the trustee or depositary of the scheme; and
(b) the operator or the trustee or depositary may refer the matter to the Tribunal.