PART II FORMATION, SUPERVISION AND CONTROL
Ending of authorisation
Procedure24
1
If the Authority proposes to make an order revoking an authorisation order (“a revoking order"), it must give separate warning notices to the company and its depositary.
2
If, having given warning notices, the Authority decides to make a revoking order it must without delay give the company and its depositary a decision notice and either of them may refer the matter to the F1Upper Tribunal.
3
Sections 393 and 394 of the Act apply to a warning notice or a decision notice given in accordance with this regulation.