s 126 Warning notices.
(1) If the FCA proposes— (a) to impose a penalty on a person under section 123(2); (b) to publish a statement censuring a person under section 123(3); (c) to impose a temporary prohibition on an individual under section 123A(2)(a); (d) to impose a temporary prohibition on an individual under section 123A(2)(b); (e) to impose a permanent prohibition on an individual under section 123A(3); or (f) to impose a suspension or restriction in relation to a person under section 123B; it must give the person a warning notice. (2) A warning notice about a proposal to impose a penalty under section 123 must state the amount of the proposed penalty. (3) A warning notice about a proposal to publish a statement under section 123 must set out the terms of the proposed statement. (4) A warning notice about a proposal to impose a prohibition under section 123A must set out the terms of the proposed prohibition. (5) A warning notice about a proposal to impose a suspension or restriction under section 123B must state the period for which the suspension or restriction is to have effect.