PART 4Protected Cell Companies
CHAPTER 2Registration
SECTION 2Amendments to registration
Procedure when refusing approval of proposed amendment28
1
If the FCA proposes to refuse approval, it must give the protected cell company a warning notice.
2
To be valid, the warning notice must be received by the protected cell company within a period of six weeks beginning with the date on which written notice was given to the FCA in accordance with regulation 27(1).
3
If the FCA decides to refuse approval—
a
the FCA must give the protected cell company a decision notice; and
b
the protected cell company may refer the matter to the Tribunal.