Requirement to issue warning notice
24.—(1) Where the FCA proposes to—
(a)publish a statement under regulation 15 (public censure) or 16 (statement of misconduct),
(b)impose a penalty under regulation 17 (financial penalties),
(c)impose a restriction on a permission under regulation 18 (restrictions on permission to carry on regulated activities), or
(d)suspend or restrict an approval under regulation 19 (suspension of and restrictions on approval to carry on functions),
it must give the person concerned a warning notice.
(2) The warning notice must set out the following—
(a)in the case of a statement under regulation 15 or 16, the terms of the proposed statement;
(b)in the case of a penalty under regulation 17, the amount of the proposed penalty;
(c)in the case of a restriction on a permission under regulation 18, the restriction and the period for which it is to have effect;
(d)in the case of a suspension or restriction on an approval under regulation 19, the suspension or restriction and the period for which it is to have effect.