Item |
Provision affected |
Amendment |
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1. |
Substitute the following Regulation: |
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"Refusal of authorisation and right of appeal. |
14. (1) As soon as practicable after deciding to refuse an application for authorisation the Bank shall, by notice in writing, inform the company of its decision. A decision refusing the application must include a statement of the grounds on which it is based. |
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(2) If the application complies with Regulation 13, the Bank shall in any case comply with paragraph (1) within 6 months after the date on which the Bank received the application.". |
2. |
Substitute the following Regulation: |
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"Directions by the Bank. |
104. (1) If the Bank is of the opinion that— |
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(a) it is in the public interest to do so, or |
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(b) it is in the interests of the orderly and proper regulation of UCITS, or |
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(c) any of the requirements fo |
Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards