Part XIV Disciplinary Measures

208 Decision notice.

(1)

If F1a regulator decides—

(a)

to publish a statement under section F2205(1) (whether or not in the terms proposed), F3. . .

(b)

to impose a penalty under section F4206(1) (whether or not of the amount proposed), F5 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.

F6(1A)

If the FCA decides—

(a)

to publish a statement in respect of a person under section 205(2),

(b)

to impose a penalty on a person under section 206(1A), or

(c)

to impose a prohibition or restriction on a person under section 206B,

it must without delay give the person 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.

F7(3A)

In the case of a suspension F8, prohibition or restriction, the decision notice must state the period for which the suspension F8, prohibition or restriction is to have effect.

(4)

If F9a regulator decides to—

(a)

publish a statement in respect of an authorised person under section F10205(1), F11. . .

(b)

impose a penalty on an authorised person under section F12206(1), F13 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.

F14(5)

If the FCA decides to—

(a)

publish a statement in respect of a person under section 205(2),

(b)

impose a penalty on a person under section 206(1A), or

(c)

impose a prohibition or restriction on a person under section 206B,

the person may refer the matter to the Tribunal.