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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 208

s 208 Decision notice.

(1) If a regulator decides— (a) to publish a statement under section 205(1) (whether or not in the terms proposed), . . . (b) to impose a penalty under section 206(1) (whether or not of the amount proposed), or (c) to suspend a permission or impose a restriction under section 206A (whether or not in the manner proposed), it must without delay give the authorised person concerned a decision notice. (1A) If the FCA decides— (a) to publish a statement in respect of a person under section 205(2), (b) to impose a penalty on a person under section 206(1A), or (c) to impose a prohibition or restriction on a person under section 206B, it must without delay give the person 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. (3A) In the case of a suspension , prohibition or restriction, the decision notice must state the period for which the suspension , prohibition or restriction is to have effect. (4) If a regulator decides to— (a) publish a statement in respect of an authorised person under section 205(1) , . . . (b) impose a penalty on an authorised person under section 206(1) , or (c) suspend a permission of an authorised person, or impose a restriction in relation to the carrying on of a regulated activity by an authorised person, under section 206A, the authorised person may refer the matter to the Tribunal. (5) If the FCA decides to— (a) publish a statement in respect of a person under section 205(2), (b) impose a penalty on a person under section 206(1A), or (c) impose a prohibition or restriction on a person under section 206B, the person may refer the matter to the Tribunal.

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