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Status: You are viewing the version of the handbook as on 2009-03-31.

SUP 9.5 1Disputes as to the interpretation of the Part 6 rules

SUP 9.5.1G

1Where a person that is subject to any requirement of the Part 6 rules disagrees with the individual guidance given by the FSA, he can request that the guidance be reviewed at a meeting of senior FSA staff.

SUP 9.5.2G

Upon receiving a request under SUP 9.5.1 G senior FSA staff will review:

  1. (1)

    the initial request for guidance;

  2. (2)

    the individual circumstances of the person seeking the review; and

  3. (3)

    the reasons why the person does not agree with the individual guidance.

SUP 9.5.3G

The outcome of the senior FSA staff meeting will be communicated to the person.

SUP 9.5.4G

A person that does not agree with the individual guidance that results from a senior FSA staff meeting, or a third party that is directly affected by that individual guidance may request that the guidance be reviewed by the Listing Authority Review Committee.

SUP 9.5.5G

The Listing Authority Review Committee has powers, delegated by the FSA Board, to resolve disputes on the application and interpretation of the requirements set out in LR, DTR and PR. A managing director of the FSA sits as chairman of the Listing Authority Review Committee.

SUP 9.5.6G

The person requesting the review can make representations to the Listing Authority Review Committee either orally or in writing.

SUP 9.5.7G

All decisions of the Listing Authority Review Committee are final and are determinative of the FSA's opinion as to the interpretation or application of the requirement in question.