# Financial Services and Markets Act 2000, Section 309V: Procedure for imposing penalties


(1) If the appropriate regulator proposes to impose a penalty on a person under section 309U, it must give the person a warning notice.
(2) A warning notice under this section must state the amount of the penalty.
(3) If the appropriate regulator decides to impose a penalty on a person under section 309U, it must give the person a decision notice.
(4) A decision notice under this section must state the amount of the penalty.
(5) If the appropriate regulator decides to impose a penalty on a person under section 309U, the person may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/309V (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-309V
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.