SCHEDULES

SCHEDULE 11Variation or cancellation of Part 4A permission on initiative of FCA: additional power

4

In section 133 (proceedings before Tribunal: general provision), after subsection (5) insert—

“(5A)

In the case of a reference under paragraph 7 of Schedule 6A, the Tribunal—

(a)

must determine what (if any) is the appropriate action that must be taken in relation to the matter, and

(b)

on determining the reference, must give such directions (if any) to such persons as the Tribunal considers appropriate for giving effect to its determination.”