261 Procedure: revocation of direction and grant of request for variation.U.K.
(1)If the [F1FCA] decides on its own initiative to revoke a direction under section 257 it must give separate written notices of its decision to the manager and trustee of the scheme.
(2)If on an application under section 257(6) for a direction to be revoked or varied the [F1FCA] decides to revoke the direction or vary it in accordance with the application, it must give the applicant written notice of its decision.
(3)A notice under this section must specify the date on which the decision takes effect.
(4)The [F1FCA] may publish such information about the revocation or variation, in such way, as it considers appropriate.
Textual Amendments
F1Word in ss. 254-262 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 9(1)(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 261 wholly in force at 1.12.2001; s. 261 not in force at Royal Assent see s. 431(2); s. 261 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2 Sch. Pt. 2; s. 261 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)