Financial Services and Markets Act 2000 (c. 8)

Part V Performance of Regulated Activities

Prohibition orders

58 Applications relating to prohibitions: procedure and right to refer to Tribunal

(1) This section applies to an application for the variation or revocation of a prohibition order.

(2) If the Authority decides to grant the application, it must give the applicant written notice of its decision.

(3) If the Authority proposes to refuse the application, it must give the applicant a warning notice.

(4) If the Authority decides to refuse the application, it must give the applicant a decision notice.

(5) If the Authority gives the applicant a decision notice, he may refer the matter to the Tribunal.