F1Part 8AShort selling

Annotations:
Amendments (Textual)
F1

Pt. 8A inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 8, 26(2)(b)

Breach of short selling F2regulationetc

Annotations:
Amendments (Textual)
F2

Word in cross-heading preceding s. 131G substituted (1.11.2012) by The Financial Services and Markets Act 2000 (Short Selling) Regulations 2012 (S.I. 2012/2554), regs. 1(1), 2(6)

131HProcedure and right to refer to Tribunal

1

If the F3FCA proposes to take action against a person under section 131G, it must give the person a warning notice.

2

A warning notice about a proposal to impose a penalty must state the amount of the penalty.

3

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

4

If the F3FCA decides to take action against a person under section 131G, it must give the person a decision notice.

5

A decision notice about the imposition of a penalty must state the amount of the penalty.

6

A decision notice about the publication of a statement must set out the terms of the statement.

7

If the F3FCA decides to take action against a person under section 131G, the person may refer the matter to the Tribunal.