Part XVII Collective Investment Schemes
Chapter V Recognised Overseas Schemes
Schemes recognised under sections 270 and 272
280 Procedure.
(1)
If the Authority proposes to give a direction under section 279 or to make an order under that section revoking a recognition order, it must give a warning notice to the operator and (if any) the trustee or depositary of the scheme.
(2)
If the Authority decides to give a direction or make an order under that section—
(a)
it must without delay give a decision notice to the operator and (if any) the trustee or depositary of the scheme; and
(b)
the operator or the trustee or depositary may refer the matter to the Tribunal.