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Financial Services and Markets Act 2000

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This is the original version (as it was originally enacted).

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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.

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