# The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025, Article 19: Public censure


(1) The FCA may publish a statement to the effect that the FCA considers that a person to whom article 12 applies has failed to comply with—
(a) paragraph (1) or (2) of article 14, or
(b) article 15(1).
(2) If the FCA proposes to publish a statement under paragraph (1), it must give the person mentioned in that paragraph a warning notice.
(3) The warning notice about a proposal to publish a statement must set out the terms of the statement.
(4) If, having considered any representation made in response to a warning notice, the FCA decides to publish a statement under paragraph (1), whether or not in the terms proposed, it must give the person a decision notice.
(5) The decision notice must set out the terms of the statement.
(6) Sections 393 (third party rights) and 394 (access to FCA or PRA material) of the Act apply in the respect of the giving of notices under this article as they apply to notices mentioned in section 392 of the Act.
(7) If the FCA decides to publish a statement under paragraph (1), that person may refer the matter to the Tribunal.

---
Source: https://www.legislation.gov.uk/ukdsi/2025/9780348275995/article/19 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025/article-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.