385 Warning notices.U.K.
(1)If [F1a regulator] proposes to exercise the power under section 384(5) in relation to a person, it must give him a warning notice.
(2)A warning notice under this section must specify the amount which [F2the regulator] proposes to require the person concerned to pay or distribute as mentioned in section 384(5).
Textual Amendments
F1Words in s. 385(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 24(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Words in s. 385(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 24(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Modifications etc. (not altering text)
C1S. 385 excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 61(6) (with art. 23(2))