Part V Performance of Regulated Activities

F1Performance of controlled functions without approval

63BProcedure and right to refer to Tribunal

(1)

If F2a regulator proposes to impose a penalty on a person under section 63A, it must give the person a warning notice.

(2)

A warning notice must state the amount of the penalty.

(3)

If F2a regulator decides to impose a penalty on a person under section 63A, it must give the person a decision notice.

(4)

A decision notice must state the amount of the penalty.

(5)

If F2a regulator decides to impose a penalty on a person under section 63A, the person may refer the matter to the Tribunal.