245 Procedure when refusing an application
245 Procedure when refusing an application

(1)     If the [FCA] proposes to refuse an application made under section 242 it must give each of the applicants a warning notice.

(2)     If the [FCA] decides to refuse the application—

(a)     it must give each of the applicants a decision notice; and

(b)     either applicant may refer the matter to the Tribunal.

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270 . . .
271 . . .

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