Financial Services and Markets Act 2000

188Notices of objection under section 187: procedure

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(1)If the Authority proposes to give a notice of objection to a person under section 187, it must give him a warning notice.

(2)Before doing so, the Authority must comply with such requirements as to consultation with competent authorities outside the United Kingdom as may be prescribed.

(3)If the Authority decides to give a warning notice under this section, it must do so before the end of the period of three months beginning—

(a)in the case of a notice to be given under section 187(1), with the date on which it became aware of the failure to comply with the duty in question;

(b)in the case of a notice to be given under section 187(3), with the date on which it became aware of the matters in question.

(4)The Authority may require the person concerned to provide such additional information or documents as it considers reasonable.

(5)Different requirements may be imposed in different circumstances.

(6)In this Part “notice of objection” means a notice under section 186 or 187.