# The Proxy Advisors (Shareholders' Rights) Regulations 2019, Regulation 13: Warning notice

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

(1) Where the FCA proposes to—
(a) publish a statement in respect of a proxy advisor under regulation 11, or
(b) impose a penalty on a proxy advisor under regulation 12,
it must give the proxy advisor a warning notice.
(2) A warning notice about a proposal to publish a statement must set out the terms of the statement.
(3) A warning notice about a proposal to impose a penalty must state the amount of the penalty.

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Source: https://www.legislation.gov.uk/uksi/2019/926/regulation/13 (the official version)
Page: https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.