{
  "url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-28",
  "json_url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-28.json",
  "legislation": "uksi/2001/1228",
  "legislation_title": "The Open-Ended Investment Companies Regulations 2001",
  "legislation_url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001",
  "path": "regulation/28",
  "kind": "regulation",
  "number": "28",
  "heading": "Procedure: refusal to revoke or vary direction",
  "text": "(1) If on an application under regulation 25(7) for a direction to be revoked or varied the Authority 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 Authority 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 Upper Tribunal.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 28(2)(b) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(f), Sch. 3 para. 23"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1228/regulation/28",
    "retrieved_at": "2026-10-29T07:52:42.307916+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."
}