Paragraph 17
Section 208 (decision notice) is amended as follows.
In subsection (1)—
in paragraph (a), for “205” substitute “205(1)”;
in paragraph (b), for “206” substitute “206(1)”.
After subsection (1) insert—
“(1A)If the FCA decides—
(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 without delay give the person a decision notice.”.
In subsection (3A)f1, after “suspension”, in both places, insert “, prohibition”.
In subsection (4)—
in paragraph (a), for “205” substitute “205(1)”;
in paragraph (b), for “206” substitute “206(1)”.
After subsection (4) insert—
“(5)If the FCA decides to—
(a)publish a statement in respect of a person under section 205(2),
(b)impose a penalty on a person under section 206(1A), or
(c)impose a prohibition or restriction on a person under section 206B,
the person may refer the matter to the Tribunal.”.
Annotations
Footnotes
- f1
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Subsection (3A) was inserted by paragraph 19 of Schedule 2 to the Financial Services Act 2010.