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Financial Services Act 2010

FSA’s disciplinary powers

Section 13: Publication of decision notices

168.This section amends section 391 of FSMA, which establishes common rules on publication of notices by the Authority, to widen the categories of supervisory notices that may be published.

169.Subsection (2) removes the prohibition on the publication of decision notices.

170.Subsection (3) inserts a new subsection (1A) which provides that the person to whom a decision notice is given may only publish such details of the notice as the FSA has published.

171.Subsection (4) amends section 391(4) to require the FSA to publish such information about decision notices (as well as final notices) as it considers appropriate. This new requirement will be subject to section 391(6).

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