# The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, Paragraph 13: Decision notice


(1) If, having considered any representations made in response to the warning notice, a regulator decides to—
(a) publish a statement under paragraph 10 (whether or not in the terms proposed); or
(b) impose a penalty under paragraph 11 (whether or not of the amount proposed),
it must without delay give the person concerned a decision notice.
(2) In the case of a statement, the decision notice must set out the terms of the statement.
(3) In the case of a penalty, the decision notice must state the amount of the penalty.
(4) If a regulator decides to—
(a) publish a statement in respect of a person under paragraph 10; or
(b) impose a penalty on a person under paragraph 11,
the person may refer the matter to the Tribunal.
(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).

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Source: https://www.legislation.gov.uk/uksi/2017/701/schedule/1/paragraph/13 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/schedule-1/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.