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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 142T

s 142T Procedure and right to refer to Tribunal

(1) If a regulator proposes to take action against a person under section 142S, it must give the person a warning notice. (2) A warning notice about a proposal to impose a penalty must state the amount of the penalty. (3) A warning notice about a proposal to publish a statement must set out the terms of the statement. (4) If the regulator decides to take action against a person under section 142S, it must give the person a decision notice. (5) A decision notice about the imposition of a penalty must state the amount of the penalty. (6) A decision notice about the publication of a statement must set out the terms of the statement. (7) If the regulator decides to take action against a person under section 142S, the person may refer the matter to the Tribunal.

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