Part XVIII Recognised Investment Exchanges and Clearing Houses
F1CHAPTER 3BDisciplinary measures
312HDecision notice
(1)
If the appropriate regulator decides—
(a)
to publish a statement in respect of a recognised body under section 312E (whether or not in the terms proposed), or
(b)
to impose a penalty on a recognised body under section 312F (whether or not of the amount proposed),
it must give the body 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.
(4)
If the appropriate regulator decides—
(a)
to publish a statement in respect of a recognised body under section 312E, or
(b)
to impose a penalty on a recognised body under section 312F,
the body may refer the matter to the Tribunal.