Regulation 11 Warning noticeI1

United Kingdom

(1)

If the FCA proposes to—

(a)

impose a penalty on a F1person under regulation 7, or

(b)

publish a statement in respect of a person under regulation 10,

it must give the person a warning notice.

(2)

A warning notice about a proposal to impose a penalty must state the amount of the penalty.

(3)

A warning notice about a proposal to publish a statement must set out the terms of the statement.

Annotations

F1: Word in reg. 11(1) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 50(2)(e)

I1: Reg. 11 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

F1: Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)