Securities Markets Order, 2013 · s 221

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s 221

(1)

If the Authority proposes to make an order revoking a collective investment scheme licence, it must give separate warning notices to the operator and the custodian of the collective investment scheme.

(2)

If the Authority decides to make a revocation order, it must without delay give each of them a decision notice.

(3)

The Panel has jurisdiction to hear and determine any appeal in relation to a decision made under this section.

Requests for revocation or withdrawal of collective investment scheme licence.