# Financial Services and Markets Act 2000, Section 127: Decision notices and right to refer to Tribunal.

Extent: E+W+S+N.I.

(1) If the FCA decides—
(a) to impose a penalty on a person under section 123(2);
(b) to publish a statement censuring a person under section 123(3);
(c) to impose a temporary prohibition on an individual under section 123A(2)(a);
(d) to impose a temporary prohibition on an individual under section 123A(2)(b);
(e) to impose a permanent prohibition on an individual under section 123A(3);
(f) to impose a suspension or restriction in relation to a person under section 123B;
it must give the person a decision notice.
(2) A decision notice about the imposition of a penalty under section 123 must state the amount of the penalty.
(3) A decision notice about the publication of a statement under section 123 must set out the terms of the statement.
(3A) A decision notice about the imposition of a prohibition under section 123A must set out the terms of the prohibition.
(3B) A decision notice about the imposition of a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.
(4) If the FCA decides—
(a) to impose a penalty on a person under section 123(2);
(b) to publish a statement censuring a person under section 123(3);
(c) to impose a prohibition on an individual under section 123A; or
(d) to impose a suspension or restriction in relation to a person under section 123B;
that person may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/127 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-127
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.