261 Procedure: revocation of direction and grant of request for variation
261 Procedure: revocation of direction and grant of request for variation

(1)     If the [FCA] decides on its own initiative to revoke a direction under section 257 it must give separate written notices of its decision to the manager and trustee of the scheme.

(2)     If on an application under section 257(6) for a direction to be revoked or varied the [FCA] decides to revoke the direction or vary it in accordance with the application, it must give the applicant written notice of its decision.

(3)     A notice under this section must specify the date on which the decision takes effect.

(4)     The [FCA] may publish such information about the revocation or

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