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Regulation 22 Representations against refusal of registration

Original text. Later amendments are not shown.

(1)

If the FCA proposes to refuse an application made under regulation 14 to register a protected cell company, it must give the applicant a warning notice.

(2)

If the FCA decides to refuse the application—

(a)

the FCA must give the applicant a decision notice; and

(b)

the applicant may refer the matter to the Tribunal.

(3)

Paragraphs (1) and (2) do not apply where the PRA has decided not to give the protected cell company permission to carry out the activity specified in Article 13A of the Regulated Activity Order.