s 88B Action under s.88A: procedure and right to refer to Tribunal
(1) If the FCA proposes to take action against a sponsor under section 88A, it must give the sponsor 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— (a) to suspend an approval, or (b) to impose a restriction in relation to the performance of a service, must state the period for which the suspension or restriction is to have effect. (4) A warning notice about a proposal to publish a statement must set out the terms of the statement. (5) If the FCA decides to take action against a sponsor under section 88A, it must give the sponsor a decision notice. (6) A decision notice about the imposition of a penalty must state the amount of the penalty. (7) A decision notice about— (a) the suspension of an approval, or (b) the imposition of a restriction in relation to the performance of a service, must state the period for which the suspension or restriction is to have effect. (8) A decision notice about the publication of a statement must set out the terms of the statement. (9) If the FCA decides to take action against a sponsor under section 88A, the sponsor may refer the matter to the Tribunal.