Part VIIIU.K. [F1Provisions relating to market abuse]

Textual Amendments

Modifications etc. (not altering text)

ProcedureU.K.

127 Decision notices and right to refer to Tribunal.U.K.

[F2(1)If the FCA decides—

(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);

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

it must give the person a decision notice.]

(2)A decision notice about the imposition of a penalty [F3under section 123] must state the amount of the penalty.

(3)A decision notice about the publication of a statement [F4under section 123] must set out the terms of the statement.

[F5(3A)A decision notice about the imposition of a prohibition under section 123A must set out the terms of the prohibition.

(3B)A decision notice about the imposition of a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.]

[F6(4)If the FCA decides—

(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 prohibition on an individual under section 123A; or

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

that person may refer the matter to the Tribunal.]

Textual Amendments