Section 312G Proposal to take disciplinary measuresF1 C1 C2

United Kingdom

(F21)

If the appropriate regulator proposes to impose a sanction—

(a)

on a recognised body F3or data reporting service provider under section 312E or 312F, or

(b)

on a person under section 312FA,

it must give the body F4, provider or person (as the case may be) 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.

(F54)

A warning notice about a proposal to impose a prohibition must specify the extent of the prohibition.

F6(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Pt. 18 Ch. 3B 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. 33, 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.
F2: S. 312G(1) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(30)(a) (with regs. 7(4), 9(1))
F3: Words in s. 312G(1)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(7)(a), 86(3); S.I. 2023/779, reg. 4(g)
F4: Words in s. 312G(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(7)(b), 86(3); S.I. 2023/779, reg. 4(g)
F5: S. 312G(4)(5) inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(30)(b) (with regs. 7(4), 9(1))
F6: S. 312G(5) omitted (31.12.2020) by virtue of The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(5) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

C1: Ss. 312E-312I restricted (1.4.2013) by The Financial Services Act 2012 (Transitional Provisions) (Enforcement) Order 2013 (S.I. 2013/441), arts. 1(1), 13
C2: S. 312G applied (with modifications) (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), regs. 1(2), 13

F1: Pt. 18 heading substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(8) (with regs. 7(4), 9(1))
F2: Words in Pt. 18 heading substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 18(2), 86(3); S.I. 2023/779, reg. 4(m)

C1: Pt. 18 applied in part (with modifications) (12.12.2011) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2 (as amended (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 37 (with regs. 7(4), 9(1)))

F2: Words in Pt. 18 Ch. 3B heading inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 9

C1: Pt. 18 Ch. 3B applied (with modifications) (5.4.2024) by The Data Reporting Services Regulations 2024 (S.I. 2024/107), regs. 1(2), 19; S.I. 2023/1382, reg. 4(c)