# Financial Services and Markets Act 2000, Section 63B: Procedure and right to refer to Tribunal

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

(1) If a regulator proposes to impose a penalty on a person under section 63A, it must give the person a warning notice.
(2) A warning notice must state the amount of the penalty.
(3) If a regulator decides to impose a penalty on a person under section 63A, it must give the person a decision notice.
(4) A decision notice must state the amount of the penalty.
(5) If a regulator decides to impose a penalty on a person under section 63A, the person may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/63B (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-63B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.