PART 6Notices

Statements of policy28.

(1)

Sections 69 (statements of policy) and 70 (statements of policy: procedure) of the 2000 Act20 apply in relation to the preparation and issuance by the FCA of statements of policy with respect to—

(a)

the imposition of penalties, suspensions or restrictions under regulations 17(2) (financial penalties) and 19 (suspension of and restriction on approval to carry on functions);

(b)

the amount of penalties imposed under regulation 17(2); and

(c)

the period for which suspensions or restrictions imposed under regulation 19 are to have effect;

as they apply in relation to the preparation and issuance by the FCA of statements of policy with respect to action the FCA may take under section 66 (disciplinary powers) of the 2000 Act21.

(2)

Sections 210 (statements of policy) and 211 (statements of policy: procedure) of the 2000 Act22 apply in relation to the preparation and issuance by the FCA of statements of policy with respect to—

(a)

the imposition of penalties or restrictions under regulations 17(1) (financial penalties) and 18 (restrictions on permission to carry on regulated activities);

(b)

the amount of penalties imposed under regulation 17(1); and

(c)

the period for which restrictions imposed under regulation 18 are to have effect;

as they apply in relation to the preparation and issuance by the FCA of statements of policy with respect to action the FCA may take under Part 14 (disciplinary measures) of the 2000 Act23.