# The Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019, Regulation 11: Warning notice


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111176696/regulation/11 (the official version)
Page: https://openlegislation.uk/draft-credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.