Part VI Official Listing
F1Primary information providers
89RAction under s.89Q: procedure and right to refer to Tribunal
(1)
If the FCA proposes to take action against a provider under section 89Q, it must give the provider a warning notice.
(2)
A warning notice about a proposal to impose a penalty must state the amount of the penalty.
(3)
A warning notice about a proposal—
(a)
to suspend an approval, or
(b)
to impose a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(4)
A warning notice about a proposal to publish a statement must set out the terms of the statement.
(5)
If the FCA decides to take action against a provider under section 89Q, it must give the provider a decision notice.
(6)
A decision notice about the imposition of a penalty must state the amount of the penalty.
(7)
A decision notice about—
(a)
the suspension of an approval, or
(b)
the imposition of a restriction in relation to the giving of information,
must state the period for which the suspension or restriction is to have effect.
(8)
A decision notice about the publication of a statement must set out the terms of the statement.
(9)
If the FCA decides to take action against a provider under section 89Q, the provider may refer the matter to the Tribunal.