If the F1FCA proposes to take action against a person under section 123, it must give him a warning notice.

A warning notice about a proposal to impose a penalty must state the amount of the proposed penalty.

A warning notice about a proposal to publish a statement must set out the terms of the proposed statement.

If the F1FCA decides to take action against a person under section 123, it must give him a decision notice.

A decision notice about the imposition of a penalty must state the amount of the penalty.

A decision notice about the publication of a statement must set out the terms of the statement.

If the F1FCA decides to take action against a person under section 123, that person may refer the matter to the Tribunal.