OpenLegislation

Article 19 Warning notices

Original text. Later amendments are not shown.

(1)

Paragraph (2) applies where, before the commencement date, the Authority—

(a)

gave a warning notice under FSMA 2000; and

(b)

had not given a decision notice or a notice of discontinuance following that warning notice.

(2)

The FCA may make a transfer election (see article 24) in respect of the whole or part of the warning notice.

(3)

This article does not apply to a warning notice given under the following provisions—

(a)

section 52(6) or (7) (determination of applications);

(b)

section 189(4)(b) (assessment: procedure);

(c)

section 191A(4) (objection);

(d)

section 321(8) (requirements imposed under section 320);

(e)

section 345(2) (disqualification), whether as a result of section 345 or of section 249;

(f)

paragraph 19(8) of Schedule 3 (establishment).