PART 9C

Prudential regulation of FCA investment firms

Control of managers etc of non-authorised parent undertakings

Procedure for making a Part 9C prohibition order
143T
1
If the FCA proposes to make a Part 9C prohibition order it must give the individual to whom the order would apply a warning notice.
2
The warning notice must set out the terms of the prohibition.
3
If the FCA decides to make a Part 9C prohibition order it must give the individual to whom the order applies a decision notice.
4
The decision notice must—
a
name the individual to whom the Part 9C prohibition order applies, and
b
set out the terms of the order.
5
If the FCA decides to make a Part 9C prohibition order, the individual to whom the order applies may refer the matter to the Tribunal.
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)