Regulation 12 Decision noticeI1

United Kingdom

(1)

If, having considered any representations made in response to a warning notice, M1 the FCA decides to—

(a)

impose a penalty under regulation 7 (whether or not of the amount proposed), or

(b)

publish a statement under regulation 10 (whether or not in the terms proposed),

it must without delay give the F1person concerned a decision notice.

(2)

In the case of a penalty, the decision notice must state the amount of the penalty.

(3)

In the case of a statement, the decision notice must set out the terms of the statement.

Annotations

F1: Word in reg. 12(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)(f)

M1: See regulation 19, which applies to these Regulations with modifications provisions of the Financial Services and Markets Act 2000 (c. 8) relating to the provision of notices generally.

I1: Reg. 12 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)