SCHEDULE 1Administration and enforcement of Parts 3, 4, and 5
PART 3Administrative sanctions and offences
Administrative sanctions
Decision notice13
1
If, having considered any representations made in response to the warning notice, a regulator decides to—
a
publish a statement under paragraph 10 (whether or not in the terms proposed); or
b
impose a penalty under paragraph 11 (whether or not of the amount proposed),
it must without delay give the person concerned a decision notice.
2
In the case of a statement, the decision notice must set out the terms of the statement.
3
In the case of a penalty, the decision notice must state the amount of the penalty.
4
If a regulator decides to—
a
publish a statement in respect of a person under paragraph 10; or
b
impose a penalty on a person under paragraph 11,
the person may refer the matter to the Tribunal.
5
After a statement under paragraph 10 is published, the regulator concerned must send a copy of it to the person concerned and to any person to whom a copy of the decision notice was given under section 393(4) of the Act92 (third party rights) (as applied by paragraph 22).