# Financial Services and Markets Act 2000, Section 64C: Requirement for ... authorised persons to notify regulator of disciplinary action

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

(1) If—
(a) an authorised person takes disciplinary action in relation to a relevant person, and
(b) the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section,
the ... authorised person must notify that regulator of that fact.
(2) “Disciplinary action”, in relation to a person, means any of the following—
(a) the issuing of a formal written warning;
(b) the suspension or dismissal of the person;
(c) the reduction or recovery of any of the person's remuneration.
(3) “The appropriate regulator” means—
(a) in relation to ... PRA-authorised persons, the FCA or the PRA;
(b) in relation to any other ... authorised persons, the FCA.
(4) “Relevant person” has the same meaning as in section 64B.
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/64C (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-64C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.