The Open-Ended Investment Companies Regulations 2001

Representations against refusal of authorisationU.K.

16.—(1) If the Authority proposes to refuse an application made under regulation 12, it must give the applicant a warning notice.

(2) If the Authority decides to refuse the application—

(a)it must give the applicant a decision notice; and

(b)the applicant may refer the matter to the [F1Upper Tribunal].

Textual Amendments