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Part XVIIU.K. Collective Investment Schemes

[F1CHAPTER 3AU.K.AUTHORISED CONTRACTUAL SCHEMES

Applications refusedU.K.

261G.Procedure when refusing an applicationU.K.

(1)If the FCA proposes to refuse an application made under section 261C, it must give each of the applicants a warning notice.

(2)If the FCA decides to refuse the application—

(a)it must give each of the applicants a decision notice; and

(b)either applicant may refer the matter to the Tribunal.]