# The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024, Paragraph 16


(1) Section 207 (proposal to take disciplinary measures) is amended as follows.
(2) In subsection (1)—
(a) in paragraph (a), for “205” substitute “205(1)”;
(b) in paragraph (b), for “206” substitute “206(1)”.
(3) After subsection (1) insert—
“(1A) If the FCA proposes—
(a) to publish a statement in respect of a person under section 205(2),
(b) to impose a penalty on a person under section 206(1A), or
(c) to impose a prohibition or restriction on a person under section 206B,
it must give the person a warning notice.”.
(4) In subsection (4)—
(a) after “impose a” insert “prohibition or”;
(b) after “suspension” insert “, prohibition”.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348265460/schedule/paragraph/16 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-designated-activities-supervision-and-enforcement-regulations-2024/schedule/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.