C1 Part XVIII Recognised Investment Exchanges and Clearing Houses

Annotations:
Modifications etc. (not altering text)

F1CHAPTER 3BDisciplinary measures

Annotations:
Amendments (Textual)
F1

Pt. 18 Ch. 3B inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 33, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

C2312GProposal to take disciplinary measures

1

If the appropriate regulator proposes—

a

to publish a statement in respect of a recognised body under section 312E, or

b

to impose a penalty on a recognised body under section 312F,

it must give the body 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.