# Financial Services and Markets Act 2000, Section 89R: Action under s.89Q: procedure and right to refer to Tribunal


(1) If the FCA proposes to take action against a provider under section 89Q, it must give the provider a warning notice.
(2) A warning notice about a proposal to impose a penalty must state the amount of the penalty.
(3) A warning notice about a proposal—
(a) to suspend an approval, or
(b) to impose a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(4) A warning notice about a proposal to publish a statement must set out the terms of the statement.
(5) If the FCA decides to take action against a provider under section 89Q, it must give the provider a decision notice.
(6) A decision notice about the imposition of a penalty must state the amount of the penalty.
(7) A decision notice about—
(a) the suspension of an approval, or
(b) the imposition of a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(8) A decision notice about the publication of a statement must set out the terms of the statement.
(9) If the FCA decides to take action against a provider under section 89Q, the provider may refer the matter to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/89R (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-89R
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.