Related provisions for REC 4.7.1
1 - 5 of 5 items.
The FCA3 will usually consider revoking a recognition order if:3(1) the recognised body is failing or has failed to satisfy 2one or more of the recognised body requirements1and that failure has or will have serious consequences; or2(2) it would not be possible for the recognised body to comply with a direction under section 296 of the Act (FCA's3 power to give directions)4; or32(3) for some other reason, it would not be appropriate for the FCA3 to give a direction under section
A decision to: (1) revoke a recognition order under section 297 of the Act (Revoking recognition)6; or3(2) make a direction under section 296 (FCA's4powers to give directions)6; or43(3) refuse to make a recognition order under section 290 (Recognition orders) or 290A (Refusal of recognition on ground of excessive regulatory provision)6;23is a serious one and section 298 of the Act (Directions and revocation: procedure) sets6 out procedures 4(see REC 4.8.9 G) which the FCA will
This chapter sets out the FCA's3 approach to the supervision of recognised bodies and contains guidance on: 3(1) the arrangements for investigating complaints about recognised bodies made under section 299 of the Act (Complaints about recognised bodies) (REC 4.4); (2) the FCA's3approach to the exercise of its powers under:3(a) (for RIEs)2section 296 of the Act (Appropriate regulator's3 power to give directions) 4to give directions to recognised bodies (REC 4.6);332(b) (for RIEs)2section
Some of the distinguishing features of notices given under enactments other than the Act are as follows: (1) [deleted]66(2) [deleted]66(3) Friendly Societies Act 1992, section 58A1: The warning notice and decision notice must set out the terms of the direction which the FCA6 proposes or has decided to give and any specification of when the friendly society is to comply with it. A decision notice given under section 58A(3) must give an indication of the society's right, given by