Paragraph 17

Section 208 (decision notice) is amended as follows.

In subsection (1)—

After subsection (1) insert—

“(1A)

If the FCA decides—

(a)

to publish a statement in respect of a person under section 205(2),

(b)

to impose a penalty on a person under section 206(1A), or

(c)

to impose a prohibition or restriction on a person under section 206B,

it must without delay give the person a decision notice.”.

In subsection (3A)^f1, after “suspension”, in both places, insert “, prohibition”.

In subsection (4)—

After subsection (4) insert—

“(5)

If the FCA decides to—

(a)

publish a statement in respect of a person under section 205(2),

(b)

impose a penalty on a person under section 206(1A), or

(c)

impose a prohibition or restriction on a person under section 206B,

the person may refer the matter to the Tribunal.”.