{
  "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-37",
  "json_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-37.json",
  "legislation": "ukdsi/2015/9780111138939",
  "legislation_title": "The Small and Medium Sized Business (Finance Platforms) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015",
  "path": "regulation/37",
  "kind": "regulation",
  "number": "37",
  "heading": "Requirement to issue decision notice",
  "text": "(1) If, having considered any representations made in response to the warning notice, the FCA decides to—\n(a) publish a statement under regulation 25 (public censure);\n(b) impose a penalty under regulation 26 (financial penalties);\n(c) impose a limitation on a permission under regulation 27 (limitations on permission to carry on regulated activities); or\n(d) exercise the power in regulation 29(2) (power of FCA to require restitution),\nit must without delay give the person concerned a decision notice.\n(2) The decision notice must set out the following—\n(a) in the case of a statement under regulation 25, the terms of the statement;\n(b) in the case of a penalty under regulation 26, the amount of the penalty;\n(c) in the case of a limitation on a permission under regulation 27, the limitation and the period for which it is to have effect;\n(d) in the case of the exercise of the power in regulation 29(2)—\n(i) the amount to be paid or distributed;\n(ii) the person or persons to whom that amount is to be paid or among whom that amount is to be distributed; and\n(iii) the arrangements in accordance with which the payment or distribution is to be made.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111138939/regulation/37",
    "retrieved_at": "2026-10-30T15:09:19.612347+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."
}