Regulation 12 Decision notice

(1)

If, having considered any representations made in response to a warning notice,^f1 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 credit rating agency 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: 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.