[271L Suspension of recognition]

[271L  Suspension of recognition]

[(1)     The FCA may direct that a section 271A scheme is not to be a recognised scheme—

(a)     for a specified period,

(b)     until the occurrence of a specified event, or

(c)     until specified conditions are complied with.

(2)     The FCA may give a direction under subsection (1) only if—

(a)     the FCA is no longer satisfied that the conditions set out in section 271G(2)(a) to (c) are met,

(b)     it appears to the FCA that a requirement relating to the scheme or its operator imposed by or under this Act has not been satisfied, or is likely not

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