Securities Markets Order, 2013 · s 211

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s 211Time limits for determination of collective investment scheme licence

(1)

An application for a licence under section 209 must be determined by the Authority before the end of the period of 4 months beginning with the date on which it receives the completed application.

(2)

The Authority may determine an incomplete application if it thinks fit to do so, and it must in any event determine such an application within 12 months beginning with the date on which it first receives the application.

(3)

The applicant may withdraw his application, by giving the Authority a notice in writing, at any time before the Authority determines it.

1389

Refusal of application for licence.