# Financial Services and Markets Act 2000, Paragraph 17

Extent: E+W+S+N.I.

(1) The appropriate UK regulator may not reject a notification unless—
(a) it is required to do so under paragraph 18, or
(b) it has power to do under paragraph 19 or 20.
(2) A notification is rejected when the appropriate UK regulator gives a written notice of the rejection to the Gibraltar regulator.
(3) The rejection of a notification does not prevent the Gibraltar regulator from giving a further notification relating to the same person and the same activity.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/2A/paragraph/17 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.