# Financial Services and Markets Act 2000, Section 261Z2: Procedure: refusal to revoke or vary direction


(1) If on an application under section 261X(6) for a direction to be revoked or varied the FCA proposes—
(a) to vary the direction otherwise than in accordance with the application, or
(b) to refuse to revoke or vary the direction,
it must give the applicant a warning notice.
(2) If the FCA decides to refuse to revoke or vary the direction—
(a) it must give the applicant a decision notice; and
(b) the applicant may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/261Z2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-261Z2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.