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The Banking Coordination (Second Council Directive) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 3218
- SCHEDULE 5
- Application to revoke prohibition...
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Application to revoke prohibition or restriction
3.—(1) This paragraph applies where the Director proposes to refuse an application made by a European institution for the revocation of a prohibition or restriction.
(2) The Director shall, by notice—
(a)inform the institution that the Director proposes to refuse the application, stating his reasons; and
(b)invite the institution to submit representations in support of the application in accordance with paragraph 4 below.
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