[271G Determination of applications]

[271G  Determination of applications]

[(1)     The FCA—

(a)     may only make an order under section 271A granting an application under that section if it is satisfied that the conditions in subsection (2) are met, and

(b)     if it is so satisfied, must make such an order unless it is permitted to refuse the application under subsection (3) or required to do so under subsection (4).

(2)     Those conditions are—

(a)     that the scheme is authorised in a country or territory which is approved by the Treasury in regulations under section 271A,

(b)     that the scheme is of a description of scheme specified

Popular documents