{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-126",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-126.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/126",
  "kind": "section",
  "number": "126",
  "heading": "Warning notices.",
  "text": "(1) If the FCA proposes—\n(a) to impose a penalty on a person under section 123(2);\n(b) to publish a statement censuring a person under section 123(3);\n(c) to impose a temporary prohibition on an individual under section 123A(2)(a);\n(d) to impose a temporary prohibition on an individual under section 123A(2)(b);\n(e) to impose a permanent prohibition on an individual under section 123A(3); or\n(f) to impose a suspension or restriction in relation to a person under section 123B;\nit must give the person a warning notice.\n(2) A warning notice about a proposal to impose a penalty under section 123 must state the amount of the proposed penalty.\n(3) A warning notice about a proposal to publish a statement under section 123 must set out the terms of the proposed statement.\n(4) A warning notice about a proposal to impose a prohibition under section 123A must set out the terms of the proposed prohibition.\n(5) A warning notice about a proposal to impose a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 126(1) substituted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(7)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 126(2) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(7)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 126(3) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(7)(c)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 126(4)(5) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 9(7)(d)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/126",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}