Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties
F1CHAPTER 3BDisciplinary measures in respect of recognised bodies
312HDecision notice
F2(1)
If the appropriate regulator decides 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 decision notice.
(2)
In the case of a statement, the decision notice must set out the terms of the statement.
(3)
In the case of a penalty, the decision notice must state the amount of the penalty.
F5(3A)
In the case of a prohibition, the decision notice must specify the extent of the prohibition.
(3B)
The sanction which the appropriate regulator decides to impose may differ from that proposed in the warning notice.
F6(4)
If the appropriate regulator decides to impose a sanction—
(a)
on a recognised body F7or data reporting service provider under section 312E or 312F, or
(b)
on a person under section 312FA,
the body F8, provider or person (as the case may be) may refer the matter to the Tribunal.
F9(5)
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