# Financial Services and Markets Act 2000, Section 261V: Procedure for revoking authorisation order


(1) If the FCA proposes to make an order under section 261U revoking an authorisation order (“a revoking order”), it must give separate warning notices to the operator and the depositary of the scheme.
(2) If the FCA decides to make a revoking order, it must without delay give each of them a decision notice and either of them may refer the matter to the Tribunal.

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