# The Alternative Investment Fund Managers Regulations 2013, Regulation 13: Procedure when refusing an application


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111540206/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.