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 F2205(1)), F3...

(b)

to impose a penalty on an authorised person (under section F4206(1)), F5 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.

F6(1A)

If the FCA proposes—

(a)

to publish a statement in respect of a person under section 205(2),

(b)

to impose a penalty on a person under section 206(1A), or

(c)

to impose a prohibition or restriction on a person under section 206B,

it must give the 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.

F7(4)

A warning notice about a proposal to suspend a permission or impose a F8prohibition or restriction must state the period for which the suspension F9, prohibition or restriction is to have effect.