Section 251(4)

Effect is not to be given to any proposal of which notice has been given under subsection (1) or (3) unless— the FCA, by written notice, has given its approval to the proposal; or one month, beginning with the date on which the notice was given, has expired without the manager or trustee having received from the FCA a warning notice under section 252 in respect of the proposal.

← 3 · All articles · 5 →

Source: legislation.gov.uk · retrieved 2026-09-04