Sch 3 para 3 Notice of intent
(1) Where an administrator proposes to impose one or more discretionary requirements on a seller, the administrator must serve a notice of intent on that seller . (2) The notice of intent must— (a) if the administrator proposes to impose a non-monetary discretionary requirement — (i) specify the steps that the administrator proposes the seller be required to take; (ii) specify the time period within which the administrator proposes that those steps are to be completed; (b) if the administrator proposes to impose a variable monetary penalty, specify the amount of penalty proposed; (c) include information as to— (i) the grounds for the proposal to impose the one or more discretionary requirements; (ii) the right to make representations and objections conferred by paragraph 4; (iii) the circumstances in which the administrator may not impose the one or more discretionary requirements; (iv) the 28 day period within which representations and objections may be made; (v) in the case of a variable monetary penalty, how payment may be made.