# Financial Services and Markets Act 2000, Section 207: Proposal to take disciplinary measures.

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

(1) If a regulator proposes—
(a) to publish a statement in respect of an authorised person (under section 205(1)), ...
(b) to impose a penalty on an authorised person (under section 206(1)), or
(c) to suspend a permission of an authorised person or impose a restriction in relation to the carrying on of a regulated activity by an authorised person (under section 206A),
it must give the authorised person a warning notice.
(1A) If the FCA proposes—
(a) to publish a statement in respect of a person under section 205(2),
(b) to impose a penalty on a person under section 206(1A), or
(c) to impose a prohibition or restriction on a person under section 206B,
it must give the person a warning notice.
(2) A warning notice about a proposal to publish a statement must set out the terms of the statement.
(3) A warning notice about a proposal to impose a penalty, must state the amount of the penalty.
(4) A warning notice about a proposal to suspend a permission or impose a prohibition or restriction must state the period for which the suspension , prohibition or restriction is to have effect.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/207 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-207
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.