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Regulation 13 Procedure when refusing an application

Original text. Later amendments are not shown.

(1)

If the FCA proposes to refuse an application made under regulation 11(1) 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.