C1 Part VIIIF1Provisions relating to market abuse

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

Procedure

126 Warning notices.

F31

If the FCA proposes—

a

to impose a penalty on a person under section 123(2);

b

to publish a statement censuring a person under section 123(3);

c

to impose a temporary prohibition on an individual under section 123A(2)(a);

d

to impose a temporary prohibition on an individual under section 123A(2)(b);

e

to impose a permanent prohibition on an individual under section 123A(3); or

f

to impose a suspension or restriction in relation to a person under section 123B;

it must give the person a warning notice.

2

A warning notice about a proposal to impose a penalty F4under section 123 must state the amount of the proposed penalty.

3

A warning notice about a proposal to publish a statement F5under section 123 must set out the terms of the proposed statement.

F24

A warning notice about a proposal to impose a prohibition under section 123A must set out the terms of the proposed prohibition.

5

A warning notice about a proposal to impose a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.