Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties
F1CHAPTER 2APerformance of functions of recognised bodies
Approval
309VProcedure for imposing penalties
(1)
If the appropriate regulator proposes to impose a penalty on a person under section 309U, it must give the person a warning notice.
(2)
A warning notice under this section must state the amount of the penalty.
(3)
If the appropriate regulator decides to impose a penalty on a person under section 309U, it must give the person a decision notice.
(4)
A decision notice under this section must state the amount of the penalty.
(5)
If the appropriate regulator decides to impose a penalty on a person under section 309U, the person may refer the matter to the Tribunal.