[271P Obligations on operator where recognition is revoked or suspended]

[271P  Obligations on operator where recognition is revoked or suspended]

[(1)     This section applies where—

(a)     the FCA gives a decision notice under section 271N(3), or a written notice under section 271O(2), in relation to a section 271A scheme; or

(b)     a direction given by the FCA under section 271L(1) in relation to a section 271A scheme takes effect.

(2)     The operator of the scheme must notify such persons as the FCA may direct that the FCA has revoked an order under section 271A for recognition of the scheme or given a direction under section 271L in relation to the scheme

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