# Financial Services and Markets Act 2000, Section 208: Decision notice.

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

(1) If a regulator decides—
(a) to publish a statement under section 205(1) (whether or not in the terms proposed), . . .
(b) to impose a penalty under section 206(1) (whether or not of the amount proposed), or
(c) to suspend a permission or impose a restriction under section 206A (whether or not in the manner proposed),
it must without delay give the authorised person concerned a decision notice.
(1A) If the FCA decides—
(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 without delay give the person 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.
(3A) In the case of a suspension , prohibition or restriction, the decision notice must state the period for which the suspension , prohibition or restriction is to have effect.
(4) If a regulator decides to—
(a) publish a statement in respect of an authorised person under section 205(1), . . .
(b) impose a penalty on an authorised person under section 206(1), or
(c) 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,
the authorised person may refer the matter to the Tribunal.
(5) If the FCA decides to—
(a) publish a statement in respect of a person under section 205(2),
(b) impose a penalty on a person under section 206(1A), or
(c) impose a prohibition or restriction on a person under section 206B,
the person may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/208 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-208
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.