C3C5C6 Part XIV Disciplinary Measures

Annotations:
Modifications etc. (not altering text)
C3

Pt. XIV (ss. 205-211) applied (1.12.2001) by 1951 c. 65, s. 57(5) (as substituted (1.12.2001) by S.I. 2001/3647, art. 5, Sch. 3 Pt. I para. 5(3))

C5

Pt. 14 applied (with modifications) (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 3(7)

C6

Pt. 14 applied (with modifications) (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 12(10)

C1C2C4207 Proposal to take disciplinary measures.

1

If F4a regulator proposes—

a

to publish a statement in respect of an authorised person (under section 205), F1. . .

b

to impose a penalty on an authorised person (under section 206), F2 or

c

to suspend a permission of an authorised person or impose a restriction in relation to the carrying on of a regulated activity by an authorised person (under section 206A),

it must give the authorised person a warning notice.

2

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

3

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

F34

A warning notice about a proposal to suspend a permission or impose a restriction must state the period for which the suspension or restriction is to have effect.