Section 59(4)

After the expiry of the period referred to in paragraph (3)(b)(iii), the FCA must decide, within a reasonable period, whether to register the applicant and it must give the applicant notice of— its decision to register the applicant; or the following matters— its decision not to register the applicant; the reasons for its decision; and the right to appeal under regulation 93.

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