s 271R Public censure
(1) This section applies where the FCA considers that— (a) a requirement imposed by regulations under section 271E has been contravened, (b) rules made under section 271K have been contravened, (c) the operator of a section 271A scheme has contravened section 271I, 271J or 271P, or (d) the operator of a section 271A scheme has contravened a rule made, or a requirement imposed, under section 283. (2) The FCA may publish a statement to that effect. (3) Where the FCA proposes to publish a statement under subsection (2) relating to a scheme or the operator of a scheme, it must give the operator a warning notice setting out the terms of the statement. (4) If the FCA decides to publish the statement— (a) it must give the operator, without delay, a decision notice setting out the terms of the statement, and (b) the operator may refer the matter to the Tribunal. (5) After a statement under subsection (2) is published, the FCA must send a copy of it to the operator and to any person to whom a copy of the decision notice was given under section 393(4).