Part V Performance of Regulated Activities
Conduct of approved persons and others
F164CRequirement for F2relevant authorised persons to notify regulator of disciplinary action
(1)
If—
(a)
(b)
the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section,
the F4relevant authorised person must notify that regulator of that fact.
(2)
“Disciplinary action”, in relation to a person, means any of the following—
(a)
the issuing of a formal written warning;
(b)
the suspension or dismissal of the person;
(c)
the reduction or recovery of any of the person's remuneration.
(3)
“The appropriate regulator” means—
(a)
in relation to F5relevant authorised persons that are PRA-authorised persons, the FCA or the PRA;
(b)
in relation to any other F6relevant authorised persons, the FCA.
(4)
“Relevant person” has the same meaning as in section 64B.
(5)
F7For the meaning of “relevant authorised person”, see section 71A.