PART 3
CHAPTER 2Warning notices and decision notices
Decision notice20
1
If, having considered any representations made in response to the warning notice, the appropriate regulator decides to—
a
impose a temporary prohibition relating to management functions under regulation 5 (temporary prohibition relating to management functions) (whether or not in the terms proposed);
b
publish a statement under regulation 7 (public censure) (whether or not in the terms proposed);
c
impose a penalty under regulation 8 (financial penalties) (whether or not of the amount proposed);
d
refuse an application for authorisation to provide a third party verification service under regulation 13 (determination of application for authorisation to provide a third party verification service);
e
cancel a person's authorisation to provide a third party verification service under regulation 16 (cancellation of authorisation to provide a third party verification service on the initiative of the FCA);
f
refuse an application to cancel a person's authorisation to provide a third party verification service under regulation 17 (cancellation of authorisation to provide a third party verification service at request of third party verifier);
it must without delay give the person concerned a decision notice.
2
A decision notice about a decision to impose a temporary prohibition relating to management functions under regulation 5 must set out the terms of the prohibition.
3
A decision notice about a decision to publish a statement under regulation 7 must set out the terms of the statement.
4
A decision notice about a decision to impose a penalty under regulation 8 must state the amount of the penalty.
5
After a statement under regulation 7 (public censure) is published, the appropriate regulator 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) M1 of the Act (third party rights) (as applied by Schedule 1 (application of Part 26 of the Act)).