Part XXVI Notices
Publication
391AF2Publication: special provisions relating to F3capital requirements
(1)
This section applies where a decision notice or final notice relates to the imposition of a penalty F4for breach of—
(a)
a provision made in or under this Act for the purpose of implementing the capital requirements directive, or
(b)
a provision of the capital requirements regulation.
(2)
Where a regulator publishes information under section 391(4) about a matter to which a decision notice relates and the person to whom the notice is given refers the matter to the Tribunal, the regulator must, without undue delay, publish on its official website information about the status of the appeal and its outcome.
(3)
Subject to subsection (4), where a regulator gives a final notice, the regulator must publish information on the type and nature of the breach and the identity of the person on whom the penalty is imposed.
(4)
Information about a matter to which a final notice relates must be published anonymously where—
(a)
the penalty is imposed on an individual and, following an obligatory prior assessment, publication of personal data is found to be disproportionate;
(b)
publication would jeopardise the stability of financial markets or an ongoing criminal investigation; or
(c)
publication would cause, insofar as it can be determined, disproportionate damage to the persons involved.
(5)
Where subsection (4) applies, the regulator may make such arrangements as to the publication of information (including as to the timing of publication) as are necessary to preserve the anonymity of the person on whom the penalty is imposed.
(6)
Where a regulator publishes information in accordance with subsections (2) to (5), the regulator must—
(a)
publish the information on its official website; F5and
(b)
F7(c)
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