SCHEDULES
SCHEDULE 4 Authorised bodies
Part I Designation of bodies and approval of regulations and rules
Decision by Secretary of State
F16
(1)
After considering—
(a)
the advice given by the Consultative Panel and any representations made about it;
(b)
the advice given by the F2OFT and any representations made about it; and
(c)
the advice given by each of the designated judges,
the F3Secretary of State shall decide whether to grant the application.
(2)
When the F3Secretary of State has made his decision he shall notify the applicant of it.
(3)
If the F3Secretary of State has decided to refuse the application he shall also notify the applicant of the reasons for his decision.