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Part XVIIIU.K. Recognised Investment Exchanges and Clearing Houses

Modifications etc. (not altering text)

C1Pt. 18 applied in part (with modifications) (12.12.2011) by (The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2

[F1CHAPTER 3BU.K.Disciplinary measures

Textual Amendments

F1Pt. XVIII 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.

312HDecision noticeU.K.

(1)If the appropriate regulator decides—

(a)to publish a statement in respect of a recognised body under section 312E (whether or not in the terms proposed), or

(b)to impose a penalty on a recognised body under section 312F (whether or not of the amount proposed),

it must give the body 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.

(4)If the appropriate regulator decides—

(a)to publish a statement in respect of a recognised body under section 312E, or

(b)to impose a penalty on a recognised body under section 312F,

the body may refer the matter to the Tribunal.]