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Article 11 Procedure when refusing an application

(1)

If the FCA proposes to refuse an application made under article 9(1) it must give the applicant a warning notice.

(2)

If the FCA refuses an application—

(a)

it must give the applicant a decision notice; and

(b)

the applicant may refer the matter to the Tribunal.

Notes on the whole SI

Textual amendments

F1

Order revoked (14.12.2023 for the revocation of art. 33) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xiii)