The Immigration Act 2014 (Bank Accounts) Regulations 2014

Requirement to issue decision notice

25.—(1) If, having considered any representations made in response to the warning notice, the FCA decides to—

(a) publish a statement under regulation 15 (public censure) or 16 (statement of misconduct);

(b) impose a penalty under regulation 17 (financial penalties);

(c) impose a restriction on a permission under regulation 18 (restriction on permission to carry on regulated activities);

(d) suspend or restrict an approval under regulation 19 (suspension of and restriction on approval to carry on functions),

it must without delay give the person concerned a decision notice.

(2) The decision notice must set out the following—

(a) in the case of a statement under regulation 15 or 16, the terms of the statement;

(b) in the case of a penalty under regulation 17, the amount of the penalty;

(c) in the case of a restriction on a permission under regulation 18, the restriction and the period for which it is to have effect;

(d) in the case of a suspension or restriction on an approval under regulation 19, the suspension or restriction and the period for which it is to have effect.