30. Rejection of an Application

(1) The DFSA may refuse to grant an application for registration of a Public Fund if it is not satisfied that the requirements referred to in Article 28 have been met.
(2) The procedures in Schedule 3 to the Regulatory Law 2004 apply to a decision of the DFSA under Article 30(1).
(3) If the DFSA decides to exercise its power under Article 30(1), the applicantmay refer the matter to the FMT for review.