[309L Determining applications: period for approval]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[309L  Determining applications: period for approval]

[(1)     The appropriate regulator must, before the end of the period for consideration, determine whether—

(a)     to grant an application under section 309I for approval for a person to perform a function, without imposing conditions or limiting the period for which the approval has effect, or

(b)     to give a warning notice under section 309M(2).

(2)     In subsection (1), “the period for consideration” means the period of 3 months beginning with the day on which

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