TERMS & CONDITIONS What happens if the FCA is minded to refuse the application?  All Applications must be granted unless the FCA can cite a substantive basis for refusing to do so.  Where this occurs, you will normally be allowed to know what that basis was.   The onus will lie with the individual FCA Case Officer to 'prove' and gather evidence for the case against granting the Application.  This case will have to be presented to an internal committee. If this committee agrees with the arguments cited, then it will be escalated to a higher committee composed of individuals from both within and outside of the FCA.  The Applicant firm will be invited to make personal representations at this committee - if this should occur, we would attend with you (if you wished).  If this committee finds against the Applicant firm, then final recourse would be to appeal via a tribunal.  We would of course help you with this too (at extra cost). 01604 76 22 33 AT NO POINT ARE OUTCOMES GUARANTEED, AS ALL DECISIONS ARE AT THE DISCRETION OF THE FCA REGULATORY PERMISSIONS LIMITED - Companies House No.8194096, Registered in England & Wales