This is the original version (as it was originally enacted).
(1)An authorisation order may be revoked by an order made by the Authority at the request of the manager or trustee of the scheme concerned.
(2)If the Authority makes an order under subsection (1), it must give written notice of the order to the manager and trustee of the scheme concerned.
(3)The Authority may refuse a request to make an order under this section if it considers that—
(a)the public interest requires that any matter concerning the scheme should be investigated before a decision is taken as to whether the authorisation order should be revoked; or
(b)revocation would not be in the interests of the participants or would be incompatible with a Community obligation.
(4)If the Authority proposes to refuse a request under this section, it must give separate warning notices to the manager and the trustee of the scheme.
(5)If the Authority decides to refuse the request, it must without delay give each of them a decision notice and either of them may refer the matter to the Tribunal.
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
