SCHEDULES
SCHEDULE 3EEA Passport Rights
Part II Exercise of Passport Rights by EEA Firms
Power to restrict permission of management companies
F1F2Representations and references to the Tribunal
F215B
(1)
Within a reasonable time after the end of the period for making representations, the Authority must decide, in the light of any representations made to it during that period by a person to whom notice has been given under paragraph 15A(4), whether to withdraw the notice.
(2)
If the Authority decides not to withdraw its notice, it must—
(a)
give a decision notice to each person to whom the notice under paragraph 15A(4) was given, and
(b)
inform the firm's home state regulator and the Commission that authorisation has been refused, and of the grounds for the refusal.
(3)
The management company to whom the decision notice is given may refer the matter to the Tribunal.