New section 131H: Procedure and right to refer to Tribunal
142.Subsections (1) to (3) provide that a person must be given a warning notice detailing the amount of the fine or the terms of the public censure (as applicable) if the FSA proposes to take action against them.
143.Subsections (4) to (6) provide that a person must be given a decision notice detailing the amount of the fine or the terms of the public censure (as applicable) if the FSA decides to take action against them.
144.Subsection (7) provides that a person may refer the matter to the Tribunal if the FSA decides to take action against them.