Section 192L

If a regulator proposes to take action against a person under section 192K, it must give the person a warning notice. A warning notice about a proposal to impose a penalty must state the amount of the penalty. A warning notice about a proposal to publish a statement must set out the terms of the statement. A warning notice about a proposal to impose a restriction under section 192K(3A) must state— the terms of the restriction, and the period for which the restriction is to have effect. If the regulator decides to take action against a person under section 192K, it must give the person a decision notice. A decision notice about the imposition of a penalty must state the amount of the penalty. A decision notice about the publication of a statement must set out the terms of the statement. A decision notice about the imposition of a restriction under section 192K(3A) must state— the terms of the restriction, and the period for which the restriction is to have effect. If the regulator decides to take action against a person under section 192K, the person may refer the matter to the Tribunal.

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Source: legislation.gov.uk · retrieved 2026-09-04