The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 1 U.K. Administration and enforcement of Parts 3, 4, and 5

PART 3 U.K. Administrative sanctions and offences

Administrative sanctions U.K.

Warning notice U.K.

12.—(1) If a regulator proposes to—

(a) publish a statement in respect of a person under paragraph 10; or

(b) impose a penalty on a person under paragraph 11,

it must give the person a warning notice.

(2) A warning notice about a proposal to publish a statement must set out the terms of the statement.

(3) A warning notice about a proposal to impose a penalty must state the amount of the penalty.