{
  "url": "https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023/regulation-41",
  "json_url": "https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023/regulation-41.json",
  "legislation": "ukdsi/2023/9780348254235",
  "legislation_title": "The Public Offers and Admissions to Trading Regulations 2023",
  "legislation_url": "https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023",
  "path": "regulation/41",
  "kind": "regulation",
  "number": "41",
  "heading": "Regulations 39 and 40: procedure and right to refer to Tribunal",
  "text": "(1) If the FCA proposes to take action against a person under regulation 39 or 40, it must give the person a warning notice.\n(2) A warning notice about a proposal to publish a statement must set out the terms of the proposed statement.\n(3) A warning notice about a proposal to impose a penalty must state the amount of the proposed penalty.\n(4) If the FCA decides to take action against a person under regulation 39 or 40, it must give the person a decision notice.\n(5) A decision notice about the publication of a statement must set out the terms of the statement.\n(6) A decision notice about the imposition of a penalty must state the amount of the penalty.\n(7) If the FCA decides to take action against a person under regulation 39 or 40, the person may refer the matter to the Tribunal.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2023/9780348254235/regulation/41",
    "retrieved_at": "2026-10-30T14:42:14.980226+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}