# Financial Services and Markets Act 2000, Section 261G: Procedure when refusing an application


(1) If the FCA proposes to refuse an application made under section 261C, it must give each of the applicants a warning notice.
(2) If the FCA decides to refuse the application—
(a) it must give each of the applicants a decision notice; and
(b) either applicant may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/261G (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-261G
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.