{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-312H",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-312H.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/312H",
  "kind": "section",
  "number": "312H",
  "heading": "Decision notice",
  "text": "(1) If the appropriate regulator decides to impose a sanction—\n(a) on a recognised body or data reporting service provider under section 312E or 312F, or\n(b) on a person under section 312FA,\nit must give the body , provider or person (as the case may be) a decision notice.\n(2) In the case of a statement, the decision notice must set out the terms of the statement.\n(3) In the case of a penalty, the decision notice must state the amount of the penalty.\n(3A) In the case of a prohibition, the decision notice must specify the extent of the prohibition.\n(3B) The sanction which the appropriate regulator decides to impose may differ from that proposed in the warning notice.\n(4) If the appropriate regulator decides to impose a sanction—\n(a) on a recognised body or data reporting service provider under section 312E or 312F, or\n(b) on a person under section 312FA,\nthe body , provider or person (as the case may be) may refer the matter to the Tribunal.\n(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 312H(1) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(31)(a) (with regs. 7(4), 9(1))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 312H(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(8)(a)(ii), 86(3); S.I. 2023/779, reg. 4(g)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 312H(1)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(8)(a)(i), 86(3); S.I. 2023/779, reg. 4(g)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 312H(3A)(3B) inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(31)(b) (with regs. 7(4), 9(1))"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 312H(4) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(31)(c) (with regs. 7(4), 9(1))"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in s. 312H(4)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(8)(b)(i), 86(3); S.I. 2023/779, reg. 4(g)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Word in s. 312H(4) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(8)(b)(ii), 86(3); S.I. 2023/779, reg. 4(g)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "S. 312H(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(6) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "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"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 312H 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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/312H",
    "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."
}