[F189RAction under s.89Q: procedure and right to refer to TribunalU.K.
(1)If the FCA proposes to take action against a provider under section 89Q, it must give the provider a warning notice.
(2)A warning notice about a proposal to impose a penalty must state the amount of the penalty.
(3)A warning notice about a proposal—
(a)to suspend an approval, or
(b)to impose a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(4)A warning notice about a proposal to publish a statement must set out the terms of the statement.
(5)If the FCA decides to take action against a provider under section 89Q, it must give the provider a decision notice.
(6)A decision notice about the imposition of a penalty must state the amount of the penalty.
(7)A decision notice about—
(a)the suspension of an approval, or
(b)the imposition of a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(8)A decision notice about the publication of a statement must set out the terms of the statement.
(9)If the FCA decides to take action against a provider under section 89Q, the provider may refer the matter to the Tribunal.]
Textual Amendments
F1Ss. 89P-89V inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 19(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.