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Financial Services Act 1986 (Repealed)
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Changes over time for: Section 30
Version Superseded: 01/12/2001
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- 01/02/1991- Amendment
- 01/02/1991
Point in time - Stop date 01/12/2001- Amendment
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30 Withdrawal of applications and authorisations by consent.U.K.
(1)An application under section 26 above may be withdrawn before it is granted or refused; and, subject to subsections (2) and (3) below, an authorisation granted under section 27 above may be withdrawn by the Secretary of State at the request or with the consent of the authorised person.
(2)The Secretary of State may refuse to withdraw any such authorisation if he considers that the public interest requires any matter affecting the authorised person to be investigated as a preliminary to a decision on the question whether the Secretary of State should in respect of that person exercise his powers under section 28 above or under any other provision of this Part of this Act.
(3)The Secretary of State may also refuse to withdraw an authorisation where in his opinion it is desirable that a prohibition or restriction should be imposed on the authorised person under Chapter VI of this Part of this Act or that a prohibition or restriction imposed on that person under that Chapter should continue in force.
(4)The Secretary of State may give public notice of any withdrawal of authorisation under subsection (1) above.
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