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SCHEDULES

[F1SCHEDULE 3U.K.Redress Schemes

Applications for approval to the OFTU.K.

6U.K.An application for approval by the OFT of a redress scheme must—

(a)be made in such manner as the OFT may determine; and

(b)be accompanied by such information as the OFT may require.

7U.K.Where the OFT is proposing to refuse an application for approval it must give the applicant a notice stating—

(a)that it is proposing to refuse the application;

(b)the grounds for the proposed refusal; and

(c)that representations about the proposed refusal may be made within such period of not less than 30 days as is specified in the notice.

8U.K.If the OFT decides to refuse an application for approval, it must give the applicant a notice stating—

(a)the OFT's decision to refuse the application; and

(b)the reasons for the decision.]