# The Small and Medium Sized Business (Finance Platforms) Regulations 2015, Regulation 37: Requirement to issue decision notice


(1) If, having considered any representations made in response to the warning notice, the FCA decides to—
(a) publish a statement under regulation 25 (public censure);
(b) impose a penalty under regulation 26 (financial penalties);
(c) impose a limitation on a permission under regulation 27 (limitations on permission to carry on regulated activities); or
(d) exercise the power in regulation 29(2) (power of FCA to require restitution),
it must without delay give the person concerned a decision notice.
(2) The decision notice must set out the following—
(a) in the case of a statement under regulation 25, the terms of the statement;
(b) in the case of a penalty under regulation 26, the amount of the penalty;
(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;
(d) in the case of the exercise of the power in regulation 29(2)—
(i) the amount to be paid or distributed;
(ii) the person or persons to whom that amount is to be paid or among whom that amount is to be distributed; and
(iii) the arrangements in accordance with which the payment or distribution is to be made.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111138939/regulation/37 (the official version)
Page: https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.