# The Alternative Investment Fund Managers Regulations 2013, Regulation 23E: Procedure in relation to the refusal of an application for registration of a qualifying social entrepreneurship fund or qualifying venture capital fund


(1) If the FCA proposes to refuse an application made by a UK AIFM for registration of a qualifying social entrepreneurship fund under Article 15a of the EuSEF Regulation, or of a qualifying venture capital fund under Article 14a of the EuVECA Regulation, it must give the applicant a warning notice.
(2) If the FCA decides to refuse an application—
(a) it must give the applicant a decision notice; and
(b) the applicant may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/uksi/2013/1773/regulation/23E (the official version)
Page: https://openlegislation.uk/alternative-investment-fund-managers-regulations-2013/regulation-23E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.