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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 64C

s 64C Requirement for ... authorised persons to notify regulator of disciplinary action

(1) If— (a) an authorised person takes disciplinary action in relation to a relevant person, and (b) the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section, the ... authorised person must notify that regulator of that fact. (2) “ Disciplinary action ”, in relation to a person, means any of the following— (a) the issuing of a formal written warning; (b) the suspension or dismissal of the person; (c) the reduction or recovery of any of the person's remuneration. (3) “ The appropriate regulator ” means— (a) in relation to ... PRA-authorised persons, the FCA or the PRA; (b) in relation to any other ... authorised persons, the FCA. (4) “ Relevant person ” has the same meaning as in section 64B. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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