C4C6C7 Part XIV Disciplinary Measures

Annotations:
Modifications etc. (not altering text)
C4

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))

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 Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 3(7)

C7

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)

C1C2C5208 Decision notice.

1

If F6a regulator decides—

C3a

to publish a statement under section 205 (whether or not in the terms proposed), F1. . .

C3b

to impose a penalty under section 206 (whether or not of the amount proposed), F2 or

c

to suspend a permission or impose a restriction under section 206A (whether or not in the manner proposed),

it must without delay give the authorised person concerned a decision notice.

2

In the case of a statement, the decision notice must set out the terms of the statement.

3

In the case of a penalty, the decision notice must state the amount of the penalty.

F33A

In the case of a suspension or restriction, the decision notice must state the period for which the suspension or restriction is to have effect.

C84

If F7a regulator decides to—

a

publish a statement in respect of an authorised person under section 205, F4. . .

b

impose a penalty on an authorised person under section 206, F5 or

c

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,

the authorised person may refer the matter to the Tribunal.