Financial Services and Markets Act 2000

127 Decision notices and right to refer to Tribunal.U.K.

This section has no associated Explanatory Notes

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

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

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

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

Textual Amendments

F1Word in ss. 121-130A substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 9(1)(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.