{
  "url": "https://openlegislation.uk/banking-act-1987-repealed/section-27",
  "json_url": "https://openlegislation.uk/banking-act-1987-repealed/section-27.json",
  "legislation": "ukpga/1987/22",
  "legislation_title": "Banking Act 1987 (repealed)",
  "legislation_url": "https://openlegislation.uk/banking-act-1987-repealed",
  "path": "section/27",
  "kind": "section",
  "number": "27",
  "heading": "Rights of appeal.",
  "text": "(1) An institution which is aggrieved by a decision of the Authority—\n(a) to refuse an application by the institution for authorisation otherwise than in a case in which the refusal isin pursuanceof a direction under section 26A above;\n(b) to revoke its authorisation otherwise than in a case in which revocation is mandatory under section 11 above;\n(c) to restrict its authorisation, to restrict it in a particular manner or to vary any restrictions of its authorisation; or\n(d) to give it a direction under section 19 above or to vary a direction given to it under that section,\nmay appeal against the decision to a tribunal constituted in accordance with section 28 below.\n(2) Where—\n(a) the ground or a ground for a decision within paragraph (a), (b) or (c) of subsection (1) above is that mentioned in section 10(3) or 13(4)(a) above; or\n(b) the effect of a decision within paragraph (c) or (d) of that subsection is to require the removal of a person as director, controller or manager of an institution,\nthe person to whom the ground relates or whose removal is required may appeal to a tribunal constituted as aforesaid against the finding that there is such a ground for the decision or, as the case may be, against the decision to require his removal.\n(3) Any person on whom a notice of objection is served under section 22 or 24 above may appeal to a tribunal constituted as aforesaid against the decision of the Authority to serve the notice; but this subsection does not apply to a person in any case in which he has failed to give a notice or become or continued to be a controller in circumstances in which his doing so constitutes an offence under section 25(1), (2) or (3) above.\n(4) The revocation of an institution’s authorisation pursuant to a decision against which there is a right of appeal under this section shall not have effect—\n(a) until the end of the period within which an appeal can be brought; and\n(b) if such an appeal is brought, until it is determined or withdrawn.\n(5) The Tribunal may suspend the operation of a restriction or direction or a variation of a restriction or direction pending the determination of an appeal in respect of the decision imposing or varying the restriction or giving or varying the direction.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 27 substituted (1.6.1998) by 1998 c. 11, s. 23, Sch. 5 Pt. I Ch. I para.9; S.I. 1998/1120, art.2"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 27(1)(a) inserted (1.1.1993) by S.I. 1992/3218, reg. 32(2)(c)."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 27 amended (1.1.1993) by S.I. 1992/3218, reg. 9(7), Sch. 3 para. 4(1); reg. 22(6), Sch. 6 para. 8(1); reg. 23(7), Sch. 7 para. 4 .S. 27 applied (1.12.2001) by S.I. 2001/3592, art. 112(c) (with art. 23(2))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 27(4)(5) applied (with modifications) (1.12.2001) by S.I. 2001/3592, art. 113(1) (with art. 23(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1987/22/section/27",
    "retrieved_at": "2026-10-29T09:52:41.355387+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}