# The Securitisation Regulations 2024, Regulation 44: Decision notice

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

(1) If, having considered any representations made in response to the warning notice, the FCA decides—
(a) to refuse under regulation 27 an application under regulation 26 for registration as a third party verification service,
(b) to withdraw a person’s registration to provide a third party verification service under regulation 31,
(c) to refuse an application to withdraw a person’s registration to provide a third party verification service under regulation 32,
(d) to impose a temporary prohibition under regulation 37 (whether or not in the terms proposed),
(e) to publish a statement in respect of a person under regulation 41 (whether or not in the terms proposed),
(f) to impose a penalty on a person under regulation 42 (whether or not of the amount proposed),
the FCA must give the person concerned a decision notice.
(2) If, having considered any representations made in response to the warning notice, the PRA decides—
(a) to impose a temporary prohibition under regulation 37,
(b) to publish a statement in respect of a person under regulation 41,
(c) to impose a penalty on a person under regulation 42,
it must give the person a decision notice.
(3) A decision notice about a decision to impose a temporary prohibition in relation to management functions under regulation 37 must set out the terms of the prohibition.
(4) A decision notice about a decision to publish a statement under regulation 41 must set out the terms of the statement.
(5) A decision notice about a decision to impose a penalty under regulation 42 must state the amount of the penalty.
(6) After a statement under regulation 41 (public censure) is published, the regulator that published it must send a copy of it to the person concerned and to any person to whom a copy of the decision notice is given under section 393(4) of FSMA 2000 (third party rights), as applied by Schedule 1.

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Source: https://www.legislation.gov.uk/uksi/2024/102/regulation/44 (the official version)
Page: https://openlegislation.uk/securitisation-regulations-2024/regulation-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.