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Financial Services and Markets Act 2000

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Changes over time for: Cross Heading: Warning notices

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Version Superseded: 01/04/2013

Status:

Point in time view as at 03/09/2001.

Changes to legislation:

Financial Services and Markets Act 2000, Cross Heading: Warning notices is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Warning noticesU.K.

387 Warning notices.U.K.

(1)A warning notice must—

(a)state the action which the Authority proposes to take;

(b)be in writing;

(c)give reasons for the proposed action;

(d)state whether section 394 applies; and

(e)if that section applies, describe its effect and state whether any secondary material exists to which the person concerned must be allowed access under it.

(2)The warning notice must specify a reasonable period (which may not be less than 28 days) within which the person to whom it is given may make representations to the Authority.

(3)The Authority may extend the period specified in the notice.

(4)The Authority must then decide, within a reasonable period, whether to give the person concerned a decision notice.

Modifications etc. (not altering text)

C1S. 387 applied (1.12.2001) by S.I. 2001/1228, regs. 1(2)(c), 8(a) (with reg. 1(2)(3)); S.I. 2001/3538, art. 2(1)

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