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Regulation 11 Warning notice

Original text. Later amendments are not shown.

(1)

If the FCA proposes to—

(a)

impose a penalty on a credit rating agency under regulation 7, or

(b)

publish a statement in respect of a credit rating agency under regulation 10,

it must give the credit rating agency 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.