Regulation 16 Examination of applicationI1
United Kingdom
The FCA must, within the period of 40 working days beginning with the day on which the notification referred to in regulation 15(4) is made—
(a)
examine the application for registration, or for an extension of registration, based on the compliance of the applicant with this Part,
(b)
make a decision accepting or refusing registration or an extension of registration, and
(c)
give reasons for its decision.
Annotations
Commencement
- I1
Reg. 16 in force at 30.1.2024 for specified purposes and 1.11.2024 (the main commencement day) in so far as not already in force, see reg. 2(1)(e)(2)