C1 Part XVIIIF2Recognised investment exchanges, clearing houses F8, CSDs and other parties
Words in Pt. 18 heading substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 18(2), 86(3); S.I. 2023/779, reg. 4(m)
Pt. 18 applied in part (with modifications) (12.12.2011) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2 (as amended (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 37 (with regs. 7(4), 9(1)))
C4F1CHAPTER 3BDisciplinary measures F7in respect of recognised bodies
Pt. 18 Ch. 3B inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 33, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.
Words in Pt. 18 Ch. 3B heading inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 9
Pt. 18 Ch. 3B applied (with modifications) (5.4.2024) by The Data Reporting Services Regulations 2024 (S.I. 2024/107), regs. 1(2), 19; S.I. 2023/1382, reg. 4(c)
C2C3312HDecision notice
F41
If the appropriate regulator decides to impose a sanction—
a
on a recognised body F9or data reporting service provider under section 312E or 312F, or
b
on a person under section 312FA,
it must give the body F10, provider or person (as the case may be) 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 prohibition, the decision notice must specify the extent of the prohibition.
3B
The sanction which the appropriate regulator decides to impose may differ from that proposed in the warning notice.
F54
If the appropriate regulator decides to impose a sanction—
a
on a recognised body F11or data reporting service provider under section 312E or 312F, or
b
on a person under section 312FA,
the body F12, provider or person (as the case may be) may refer the matter to the Tribunal.
F65
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 18 heading substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(8) (with regs. 7(4), 9(1))