280 Procedure
280 Procedure

(1)     If the [FCA] proposes to [make an order under section 279] revoking a recognition order, it must give a warning notice to the operator and (if any) the trustee or depositary of the scheme.

(2)     If the [FCA] decides to . . . make an order under that section—

(a)     it must without delay give a decision notice to the operator and (if any) the trustee or depositary of the scheme; and

(b)     the operator or the trustee or depositary may refer the matter to the Tribunal.