Part VIIIProvisions relating to market abuse

Procedure

126 Warning notices.

F1(1)

If the FCA proposes—

(a)

to impose a penalty on a person under section 123(2);

(b)

to publish a statement censuring a person under section 123(3);

(c)

to impose a temporary prohibition on an individual under section 123A(2)(a);

(d)

to impose a temporary prohibition on an individual under section 123A(2)(b);

(e)

to impose a permanent prohibition on an individual under section 123A(3); or

(f)

to impose a suspension or restriction in relation to a person under section 123B;

it must give the person a warning notice.

(2)

A warning notice about a proposal to impose a penalty F2under section 123 must state the amount of the proposed penalty.

(3)

A warning notice about a proposal to publish a statement F3under section 123 must set out the terms of the proposed statement.

F4(4)

A warning notice about a proposal to impose a prohibition under section 123A must set out the terms of the proposed prohibition.

(5)

A warning notice about a proposal to impose a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.