# The Uncertificated Securities Regulations 2001, Paragraph 1


Before—
(a) refusing an application for approval as an Operator made under regulation 4 (whether or not pursuant to paragraph 1(1) of Schedule 2);
(b) withdrawing an Operator’s approval under regulation 7(2);
(c) giving a direction under regulation 8;
(d) exercising any power conferred by paragraph 1(3) of Schedule 2;
(e) exercising the power to refuse leave under paragraph 2(2) of Schedule 2; or
(f) giving a direction under paragraph 2(4) of Schedule 2, the Treasury shall—
(i) give written notice of their intention to do so to the Operator;
(ii) take such steps as they consider reasonably practicable to bring the notice to the attention of system-users; and
(iii) publish the notice in such manner as they think appropriate for bringing it to the attention of other persons who are, in their opinion, likely to be affected.

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Source: https://www.legislation.gov.uk/ukdsi/2001/0110387449/schedule/3/paragraph/1 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-regulations-2001/schedule-3/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.