Regulation 10 Appeals against Board’s refusal to approve building society, or termination or alteration of approval
A building society to whom notice of the Board’s determination to refuse approval under regulation 6(5), or of termination or alteration of approval under regulation 8(3) or 9(1), has been given, may appeal against such refusal, termination or alteration, as the case may be, by notice given to the Board within 30 days of the notice.
The appeal shall be to the Special Commissioners.
The like provisions as are contained in Part V of the Taxes Management Act 1970f1 shall apply to an appeal under this regulation, and on such an appeal—
the jurisdiction of the Special Commissioners shall include jurisdiction to review any relevant decision taken by the Board under regulation 6, 7, 8 or 9, and
the Special Commissioners shall confirm the notice unless they are satisfied that the notice ought to be quashed.
Annotations
Footnotes
- f1