Financial Services and Markets Act 2000

207Proposal to take disciplinary measures

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(1)If the Authority proposes—

(a)to publish a statement in respect of an authorised person (under section 205), or

(b)to impose a penalty on an authorised person (under section 206),

it must give the authorised person 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.