Explanatory Notes

Financial Services and Markets Act 2000

2000 CHAPTER 8

14 June 2000

Commentary on Sections

Part Xxvi: Notices

Section 391: Publication

687.This section establishes common rules on publication of decisions which:

688.The provision for publishing details of a final notice applies equally to a supervisory notice (as defined in section 395) but only when such a notice takes effect.  The procedure on giving a supervisory notice is set out under the description of section 53 above.  If the notice so states, it may take effect immediately, or on a particular date.  Otherwise it will take effect only once it is no longer “open to review”.  Subsection (8) of this section provides that a supervisory notice is “open to review” until after the period for referring the matter to the Tribunal has expired and until any reference or further appeal has been finally determined.