Modifications etc. (not altering text)
C1Pt. 8 applied (with modifications) (18.6.2012) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), regs. 1(2)(b), 6, Sch. 1 (as amended (3.1.2018) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (No.2) Regulations 2017 (S.I. 2017/1255), regs. 2(b), 9)
(1)If the Authority proposes to take action against a person under section 123, it must give him a warning notice.
(2)A warning notice about a proposal to impose a penalty must state the amount of the proposed penalty.
(3)A warning notice about a proposal to publish a statement must set out the terms of the proposed statement.
(1)If the Authority decides to take action against a person under section 123, it must give him a decision notice.
(2)A decision notice about the imposition of a penalty must state the amount of the penalty.
(3)A decision notice about the publication of a statement must set out the terms of the statement.
(4)If the Authority decides to take action against a person under section 123, that person may refer the matter to the Tribunal.