Version Superseded: 31/12/2020
Point in time view as at 22/07/2013. This version of this provision has been superseded.
Financial Services and Markets Act 2000, Section 269 is up to date with all changes known to be in force on or before 10 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)If, on an application under subsection (4) or (5) of section 267, the [F1FCA] proposes—
(a)to vary a direction otherwise than in accordance with the application, or
(b)to refuse the application,
it must give the operator of the scheme concerned a warning notice.
(2)If, on such an application, the [F2FCA] decides—
(a)to vary a direction otherwise than in accordance with the application, or
(b)to refuse the application,
it must give the operator of the scheme concerned a decision notice.
(3)If the application is refused, the operator of the scheme may refer the matter to the Tribunal.
(4)If, on such an application, the [F3FCA] decides to grant the application it must give the operator of the scheme concerned written notice.
(5)If the [F4FCA] decides on its own initiative to revoke a direction given under section 267 it must give the operator of the scheme concerned written notice.
(6)[F5The FCA] must inform the competent authorities in the scheme’s home State of any notice given under this section.
Textual Amendments
F1Word in s. 269(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 15(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Word in s. 269(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 15(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Word in s. 269(4) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 15(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4Word in s. 269(5) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 15(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5Words in s. 269(6) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 15(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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.
