PART 2Authorisation of Data Reporting Services
Variation of an authorisation to provide data reporting services11
1
A data reporting service provider may apply to the FCA to—
a
vary its authorisation to enable it to provide one or more additional data reporting services,
b
remove one or more data reporting services, or
c
remove a restriction imposed on an applicant under regulation 9.
2
An application under paragraph (1) (“an application for a variation”) must be made in such manner as the FCA may direct.
3
If the FCA proposes to refuse a person’s application for a variation it must give the person a warning notice.
4
The FCA must, having considered any representations made in response to the warning notice—
a
if it grants the person’s application for a variation, give the person notice of its decision; or
b
if it refuses the person’s application for a variation, give the person a decision notice.
5
If the FCA refuses a person’s application for a variation the person may refer the matter to the Tribunal.
6
Where the period for a reference to the Tribunal has expired without a reference being made, the FCA must as soon as practicable update the register accordingly.
7
In this regulation, “authorisation” means an authorisation under regulation 9.