Regulation 25 Requirement to issue decision noticeI1
United Kingdom
If, having considered any representations made in response to the warning notice, the FCA decides to—
impose a penalty under regulation 17 (financial penalties);
impose a restriction on a permission under regulation 18 (restriction on permission to carry on regulated activities);
suspend or restrict an approval under regulation 19 (suspension of and restriction on approval to carry on functions),
it must without delay give the person concerned a decision notice.
The decision notice must set out the following—
in the case of a penalty under regulation 17, the amount of the penalty;
in the case of a restriction on a permission under regulation 18, the restriction and the period for which it is to have effect;
in the case of a suspension or restriction on an approval under regulation 19, the suspension or restriction and the period for which it is to have effect.
Annotations
Commencement
- I1
Reg. 25 in force at 12.12.2014, see reg. 1