17.—(1) Section 208 (decision notice) is amended as follows.
(2) In subsection (1)—
(a)in paragraph (a), for “205” substitute “205(1)”;
(b)in paragraph (b), for “206” substitute “206(1)”.
(3) After subsection (1) insert—
“(1A) If the FCA decides—
(a)to publish a statement in respect of a person under section 205(2),
(b)to impose a penalty on a person under section 206(1A), or
(c)to impose a prohibition or restriction on a person under section 206B,
it must without delay give the person a decision notice.”.
(4) In subsection (3A)(1), after “suspension”, in both places, insert “, prohibition”.
(5) In subsection (4)—
(a)in paragraph (a), for “205” substitute “205(1)”;
(b)in paragraph (b), for “206” substitute “206(1)”.
(6) After subsection (4) insert—
“(5) If the FCA decides to—
(a)publish a statement in respect of a person under section 205(2),
(b)impose a penalty on a person under section 206(1A), or
(c)impose a prohibition or restriction on a person under section 206B,
the person may refer the matter to the Tribunal.”.
Subsection (3A) was inserted by paragraph 19 of Schedule 2 to the Financial Services Act 2010.