{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-192L",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-192L.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/192L",
  "kind": "section",
  "number": "192L",
  "heading": "Procedure and right to refer to Tribunal",
  "text": "(1) If a regulator proposes to take action against a person under section 192K, it must give the person a warning notice.\n(2) A warning notice about a proposal to impose a penalty must state the amount of the penalty.\n(3) A warning notice about a proposal to publish a statement must set out the terms of the statement.\n(3A) A warning notice about a proposal to impose a restriction under section 192K(3A) must state—\n(a) the terms of the restriction, and\n(b) the period for which the restriction is to have effect.\n(4) If the regulator decides to take action against a person under section 192K, it must give the person a decision notice.\n(5) A decision notice about the imposition of a penalty must state the amount of the penalty.\n(6) A decision notice about the publication of a statement must set out the terms of the statement.\n(6B) A decision notice about the imposition of a restriction under section 192K(3A) must state—\n(a) the terms of the restriction, and\n(b) the period for which the restriction is to have effect.\n(7) If the regulator decides to take action against a person under section 192K, the person may refer the matter to the Tribunal.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 12A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 27, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 192L(3A) inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 122(2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 192L(6B) inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 122(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/192L",
    "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."
}