Section 207

If a regulator proposes— it must give the authorised person a warning notice. to publish a statement in respect of an authorised person (under section 205(1)), ... to impose a penalty on an authorised person (under section 206(1)), or to suspend a permission of an authorised person or impose a restriction in relation to the carrying on of a regulated activity by an authorised person (under section 206A), If the FCA proposes— it must give the person a warning notice. to publish a statement in respect of a person under section 205(2), to impose a penalty on a person under section 206(1A), or to impose a prohibition or restriction on a person under section 206B, 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 penalty, must state the amount of the penalty. A warning notice about a proposal to suspend a permission or impose a prohibition or restriction must state the period for which the suspension , prohibition or restriction is to have effect.

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