Financial Services and Markets Act 2000 (c. 8)

SCHEDULES

Valid from 01/12/2001

SCHEDULE 16 U.K. Prohibitions and Restrictions imposed by Director General of Fair Trading

Application to revoke prohibition or restriction U.K.

3 (1) This paragraph applies if the Director proposes to refuse an application made by a firm for the revocation of a prohibition or restriction.

(2) The Director must by notice—

(a) inform the firm of the proposed refusal, stating his reasons; and

(b) invite the firm to submit representations in accordance with paragraph 4.