# Financial Services and Markets Act 2000, Section 313BE: Decisions on applications for revocation by issuers


(1) This section applies where, having considered any representations made in response to a warning notice, the FCA has decided whether to grant an application for revocation made under section 313BD.
(2) The FCA must give written notice to the issuer if the FCA decides to revoke the requirement.
(3) If the FCA is required to give written notice under subsection (2) in relation to a requirement imposed on a class, the FCA must also give notice of its decision by publishing it by means of a regulatory information service.
(4) The FCA must give the issuer a decision notice if—
(a) in the case of a requirement imposed on an institution, the FCA decides not to revoke the requirement, or
(b) in the case of a requirement imposed on a class, the FCA decides not to revoke the requirement or makes a decision to revoke the requirement in relation to—
(i) the class apart from one or more specified members of it, or
(ii) one or more specified members of the class only.
(5) If the FCA is required to give a decision notice under subsection (4)(b), it must also give notice of its decision by publishing it by means of a regulatory information service.
(6) If the FCA gives a decision notice under subsection (4), the issuer may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/313BE (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-313BE
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.