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Part XVIIIU.K. [F1Recognised investment exchanges, clearing houses [F2, CSDs and other parties]]

Textual Amendments

Modifications etc. (not altering text)

[F3CHAPTER 3BU.K.Disciplinary measures [F4in respect of recognised bodies]

Textual Amendments

F3Pt. 18 Ch. 3B inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 33, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

F4Words in Pt. 18 Ch. 3B heading inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 9

Modifications etc. (not altering text)

312HDecision noticeU.K.

[F5(1)If the appropriate regulator decides to impose a sanction—

(a)on a recognised body [F6or data reporting service provider] under section 312E or 312F, or

(b)on a person under section 312FA,

it must give the body [F7, provider] or person (as the case may be) 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.

[F8(3A)In the case of a prohibition, the decision notice must specify the extent of the prohibition.

(3B)The sanction which the appropriate regulator decides to impose may differ from that proposed in the warning notice.]

[F9(4)If the appropriate regulator decides to impose a sanction—

(a)on a recognised body [F10or data reporting service provider] under section 312E or 312F, or

(b)on a person under section 312FA,

the body [F11, provider] or person (as the case may be) may refer the matter to the Tribunal.

F12(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]]

Textual Amendments

Modifications etc. (not altering text)