{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-13",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-13.json",
  "legislation": "uksi/2018/135",
  "legislation_title": "The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018",
  "path": "regulation/13",
  "kind": "regulation",
  "number": "13",
  "heading": "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 10 (public censure) (whether or not in the terms proposed); or\n(b) impose a penalty under regulation 11 (financial penalties) (whether or not of the amount proposed);\nit must without delay give the person concerned a decision notice.\n(2) In the case of a statement, the decision notice must set out the terms of the statement.\n(3) In the case of a penalty, the decision notice must state the amount of the penalty.\n(4) If the FCA decides to—\n(a) publish a statement in respect of a person under regulation 10 (public censure); or\n(b) impose a penalty on a person under regulation 11 (financial penalties);\nthe person may refer the matter to the Tribunal.\n(5) After a statement under regulation 10 (public censure) is published, the FCA must send a copy of it to the person concerned and to any person to whom a copy of the decision notice was given under section 393(4) of the Act (third party rights) (as applied by regulation 23 (application of Part 26 of the Act (notices)).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 393(4) was amended by paragraph 32(4) of Schedule 9(6) to the Financial Services Act 2012."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/135/regulation/13",
    "retrieved_at": "2026-10-28T23:02:39.118596+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."
}