Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties

F1CHAPTER 3BDisciplinary measures in respect of recognised bodies

312GProposal to take disciplinary measures

F2(1)

If the appropriate regulator proposes to impose a sanction—

(a)

on a recognised body F3or data reporting service provider under section 312E or 312F, or

(b)

on a person under section 312FA,

it must give the body F4, provider or person (as the case may be) 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.

F5(4)

A warning notice about a proposal to impose a prohibition must specify the extent of the prohibition.

F6(5)

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