[F1142TProcedure and right to refer to TribunalU.K.
(1)If a regulator proposes to take action against a person under section 142S, it must give the person a warning notice.
(2)A warning notice about a proposal to impose a penalty must state the amount of the penalty.
(3)A warning notice about a proposal to publish a statement must set out the terms of the statement.
(4)If the regulator decides to take action against a person under section 142S, it must give the person a decision notice.
(5)A decision notice about the imposition of a penalty must state the amount of the penalty.
(6)A decision notice about the publication of a statement must set out the terms of the statement.
(7)If the regulator decides to take action against a person under section 142S, the person may refer the matter to the Tribunal.]
Textual Amendments
F1Pt. 9B inserted (1.3.2014 for the insertion of ss. 142A-142F, 142I, 142W-142Z1 for specified purposes) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 4(1), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2