ENF 7.4 Procedure

Under section 63(3) of the Act (Withdrawal of approval), if the FSA proposes to withdraw its approval from an approved person under its section 63(1) power, it must give each of the interested parties a warning notice. The FSA's procedures for issuing warning notices in this area are those set out in DEC 2.2 (Warning notice procedure).

Under section 63(4), if the FSA decides to withdraw its approval, it must give each of the interested parties a decision notice. The FSA's procedures in relation to decision notices in this area are the same as those set out in DEC 2.3 (Decision notice procedure).

If the FSA decides to withdraw its approval, each of the interested parties may refer the matter to the Tribunal. Further information about referrals to the Tribunal is set out in DEC 5.1 (The Tribunal).