Regulation 27 Revocation of approval for delegationF1
(1)
The FCA may revoke its approval granted under regulation 26.
(2)
If the FCA proposes to revoke its approval it must give the applicant a warning notice.
(3)
If the FCA decides to revoke its approval—
(a)
it must give the applicant a decision notice; and
(b)
the applicant may refer the matter to the Tribunal.
Annotations
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 79) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(vi)