# The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024, Paragraph 17


(1) Section 208 (decision notice) 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 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.”.
(4) In subsection (3A), after “suspension”, in both places, insert “, prohibition”.
(5) In subsection (4)—
(a) in paragraph (a), for “205” substitute “205(1)”;
(b) in paragraph (b), for “206” substitute “206(1)”.
(6) 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.”.

---
Source: https://www.legislation.gov.uk/ukdsi/2024/9780348265460/schedule/paragraph/17 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-designated-activities-supervision-and-enforcement-regulations-2024/schedule/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.