{
  "url": "https://openlegislation.uk/draft-securitisation-regulations-2023/regulation-44",
  "json_url": "https://openlegislation.uk/draft-securitisation-regulations-2023/regulation-44.json",
  "legislation": "ukdsi/2023/9780348254242",
  "legislation_title": "The Securitisation Regulations 2023",
  "legislation_url": "https://openlegislation.uk/draft-securitisation-regulations-2023",
  "path": "regulation/44",
  "kind": "regulation",
  "number": "44",
  "heading": "Decision notice",
  "text": "(1) If, having considered any representations made in response to the warning notice, the FCA decides—\n(a) to refuse under regulation 27 an application under regulation 26 for registration as a third party verification service,\n(b) to withdraw a person’s registration to provide a third party verification service under regulation 31,\n(c) to refuse an application to withdraw a person’s registration to provide a third party verification service under regulation 32,\n(d) to impose a temporary prohibition under regulation 37 (whether or not in the terms proposed),\n(e) to publish a statement in respect of a person under regulation 41 (whether or not in the terms proposed),\n(f) to impose a penalty on a person under regulation 42 (whether or not of the amount proposed),\nthe FCA must give the person concerned a decision notice.\n(2) If, having considered any representations made in response to the warning notice, the PRA decides—\n(a) to impose a temporary prohibition under regulation 37,\n(b) to publish a statement in respect of a person under regulation 41,\n(c) to impose a penalty on a person under regulation 42,\nit must give the person a decision notice.\n(3) A decision notice about a decision to impose a temporary prohibition in relation to management functions under regulation 37 must set out the terms of the prohibition.\n(4) A decision notice about a decision to publish a statement under regulation 41 must set out the terms of the statement.\n(5) A decision notice about a decision to impose a penalty under regulation 42 must state the amount of the penalty.\n(6) After a statement under regulation 41 (public censure) is published, the regulator that published it must send a copy of it to the person concerned and to any person to whom a copy of the decision notice is given under section 393(4) of FSMA 2000 (third party rights), as applied by Schedule 1.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 393(4) was amended by paragraph 32 of Schedule 9 to the Financial Services Act 2012."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2023/9780348254242/regulation/44",
    "retrieved_at": "2026-10-30T14:42:14.062044+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."
}