The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016

Warning noticesU.K.

This section has no associated Explanatory Memorandum

17.—(1) If a regulator proposes to take action against a person under regulation 11(6), 14 or 15 it must give the person a warning notice.

(2) A warning notice about—

(a)a proposal to publish a statement must set out the terms of the proposed statement;

(b)a proposal to impose a penalty must state the amount of the penalty;

(c)a proposal to vary a temporary prohibition order must set out the terms of the variation.