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There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 143.
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143(1)In the case of a warning notice under paragraph 138—
(a)neither the Bank nor a person to whom it is given or copied may publish the notice,
(b)a person to whom the notice is given or copied may not publish any details concerning the notice unless the Bank has published those details, and
(c)after consulting the persons to whom the notice is given or copied, the Bank may publish such information about the matter to which the notice relates as it considers appropriate.
(2)A person to whom a decision notice under paragraph 139 is given or copied may not publish the notice or any details concerning it unless the Bank has published the notice or those details.
(3)A notice of discontinuance must state that, if the person to whom the notice is given consents, the Bank may publish such information as it considers appropriate about the matter to which the discontinued proceedings related.
(4)A copy of a notice of discontinuance must be accompanied by a statement that, if the person to whom the notice is copied consents, the Bank may publish such information as it considers appropriate about the matter to which the discontinued proceedings related, so far as relevant to that person.
(5)Subject to sub-paragraph (8), where the Bank gives a decision notice it may publish such information about the matter to which the notice relates as it considers appropriate.
(6)Where the Bank publishes information under sub-paragraph (5) and the person to whom the decision notice is given refers the matter to the Upper Tribunal, the Bank must, without undue delay, publish on its website information about the status of the appeal and its outcome.
(7)Subject to sub-paragraph (8), where the Bank gives a final notice—
(a)it must, without undue delay, publish details of any sanction to which the notice relates on its website, and
(b)it may publish such other information about the matter to which the notice relates as it considers appropriate.
(8)Information about a matter to which a decision notice or a final notice relates must be published anonymously where—
(a)the sanction is imposed (or proposed to be imposed) on an individual and following an obligatory prior assessment publication of personal data is found to be disproportionate, or
(b)were it not published anonymously, publication would—
(i)jeopardise the stability of financial markets or an ongoing criminal investigation, or
(ii)cause, in so far as it can be determined, disproportionate damage to the persons involved.
(9)Where sub-paragraph (8) applies, the person publishing the information may make such arrangements as to the publication of information (including as to the timing of publication) as are necessary to preserve the anonymity of the person on whom the sanction is imposed.
(10)Where the Bank publishes information in accordance with sub-paragraphs (6) to (9), it must ensure the information remains on its website for at least five years, unless the information is personal data and the data protection legislation requires the information to be retained for a different period.
(11)In this paragraph—
“the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
“notice of discontinuance” and “final notice” have the same meaning as in sections 389 and 390 of FSMA 2000 (which are applied (with modifications) by paragraph 140).
Commencement Information
I1Sch. 11 para. 143 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 143 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
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