{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-57",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-57.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/57",
  "kind": "section",
  "number": "57",
  "heading": "Prohibition orders: procedure and right to refer to Tribunal.",
  "text": "(1) If a regulator proposes to make a prohibition order it must give the individual concerned a warning notice.\n(2) The warning notice must set out the terms of the prohibition.\n(3) If a regulator decides to make a prohibition order it must give the individual concerned a decision notice.\n(4) The decision notice must—\n(a) name the individual to whom the prohibition order applies;\n(b) set out the terms of the order; and\n(c) be given to the individual named in the order.\n(5) A person against whom a decision to make a prohibition order is made may refer the matter to the Tribunal.\n(6) If—\n(a) the FCA proposes to make a prohibition order, and\n(b) as a result of the proposed order, an individual will be prohibited from performing a function of interest to the PRA,\nthe FCA must consult the PRA before giving a warning notice under this section.\n(7) A function is of interest to the PRA if it is performed in relation to a regulated activity carried on by—\n(a) a PRA-authorised person, or\n(b) a person who is an exempt person in relation to a PRA-regulated activity carried on by the person.\n(8) The PRA must consult the FCA before giving a warning notice under this section.\n(9) If—\n(a) the FCA proposes to make a prohibition order which makes provision in relation to a recognised body, and\n(b) the FCA is not the appropriate regulator in relation to recognised bodies of that type,\nthe FCA must consult the appropriate regulator before giving a warning notice under this section.\n(10) If the PRA proposes to make a prohibition order which makes provision in relation to a recognised body, the PRA must consult the appropriate regulator in relation to recognised bodies of that type before giving a warning notice under this section.\n(11) In this section—\n“the appropriate regulator”, in relation to a recognised body, has the meaning given by section 285A;\n“recognised body” has the meaning given by section 313;",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 57(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 13(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 57(3) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 13(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 57(6)-(8) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 13(12), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 57(9)-(11) inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 4(2)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 57 excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 110(3) (with art. 23(2))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Ss. 56-58 applied (with modifications) (31.12.2011) by The Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), art. 8"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "S. 57 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), 12(1)"
    },
    {
      "type": "C",
      "label": "C4",
      "text": "S. 57(1) extended (1.12.2001) by S.I. 2001/3592, arts. 1(2), 55(1) (with art. 23(2))"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 57 wholly in force at 1.12.2001; s. 57 not in force at Royal Assent see s. 431(2); s. 57 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 57 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/57",
    "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."
}