Part XIV Disciplinary Measures
207 Proposal to take disciplinary measures.
(1)
If F1a regulator proposes—
(a)
to publish a statement in respect of an authorised person (under section 205), F2. . .
(b)
to impose a penalty on an authorised person (under section 206), F3 or
(c)
to suspend a permission of an authorised person or impose a restriction in relation to the carrying on of a regulated activity by an authorised person (under section 206A),
it must give the authorised person a warning notice.
(2)
A warning notice about a proposal to publish a statement must set out the terms of the statement.
(3)
A warning notice about a proposal to impose a penalty, must state the amount of the penalty.
F4(4)
A warning notice about a proposal to suspend a permission or impose a restriction must state the period for which the suspension or restriction is to have effect.