Part XIVDisciplinary Measures

207Proposal to take disciplinary measures

1

If the Authority proposes—

a

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

b

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

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.