{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-1/paragraph-13",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-1/paragraph-13.json",
  "legislation": "uksi/2017/701",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017",
  "path": "schedule/1/paragraph/13",
  "kind": "paragraph",
  "number": "13",
  "heading": "Decision notice",
  "text": "(1) If, having considered any representations made in response to the warning notice, a regulator decides to—\n(a) publish a statement under paragraph 10 (whether or not in the terms proposed); or\n(b) impose a penalty under paragraph 11 (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 a regulator decides to—\n(a) publish a statement in respect of a person under paragraph 10; or\n(b) impose a penalty on a person under paragraph 11,\nthe person may refer the matter to the Tribunal.\n(5) After a statement under paragraph 10 is published, the regulator concerned 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 paragraph 22).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 393(4) was amended by paragraph 32 of Schedule 9 to the Financial Services Act 2012."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/701/schedule/1/paragraph/13",
    "retrieved_at": "2026-10-28T23:10:02.096065+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."
}