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Regulation 18 Procedure on revocation

Original text. Later amendments are not shown.

(1)

If the FCA proposes to revoke the registration of a small registered UK AIFM on the grounds mentioned in regulation 17(1)(a) or (b), the FCA must give the AIFM a warning notice.

(2)

If the FCA decides to revoke the registration of a small registered UK AIFM on the grounds mentioned in regulation 17(1)(a) or (b)—

(a)

the FCA must give the AIFM a decision notice, and

(b)

the AIFM may refer the matter to the Tribunal.