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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000

2000 CHAPTER 8

Commentary on Sections

Part Iv: Permission to Carry on Regulated Activities

Section 54: Cancellation of Part IV permission: procedure

127.This section requires the Authority to serve warning and decision notices when cancelling a Part IV permission on its own initiative, under section 45.  Warning and decision notices given under this section also attract the rights set out in sections 393 and 394 by virtue of section 392.

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