{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-261Z2",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-261Z2.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/261Z2",
  "kind": "section",
  "number": "261Z2",
  "heading": "Procedure: refusal to revoke or vary direction",
  "text": "(1) If on an application under section 261X(6) for a direction to be revoked or varied the FCA proposes—\n(a) to vary the direction otherwise than in accordance with the application, or\n(b) to refuse to revoke or vary the direction,\nit must give the applicant a warning notice.\n(2) If the FCA decides to refuse to revoke or vary the direction—\n(a) it must give the applicant a decision notice; and\n(b) the applicant may refer the matter to the Tribunal.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 17 Ch. 3A inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(12) (with reg. 24)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/261Z2",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}