C1C2Part VI Official Listing

Annotations:
Modifications etc. (not altering text)
C1

Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)

F1Primary information providers

Annotations:
Amendments (Textual)
F1

Ss. 89P-89V 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. 19(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

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.