# Banking Act 1987 (repealed), Section 27: Rights of appeal.

Extent: E+W+S+N.I.

(1) An institution which is aggrieved by a decision of the Authority—
(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;
(b) to revoke its authorisation otherwise than in a case in which revocation is mandatory under section 11 above;
(c) to restrict its authorisation, to restrict it in a particular manner or to vary any restrictions of its authorisation; or
(d) to give it a direction under section 19 above or to vary a direction given to it under that section,
may appeal against the decision to a tribunal constituted in accordance with section 28 below.
(2) Where—
(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
(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,
the 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.
(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.
(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—
(a) until the end of the period within which an appeal can be brought; and
(b) if such an appeal is brought, until it is determined or withdrawn.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1987/22/section/27 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/section-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.