Section 208

If a regulator decides— it must without delay give the authorised person concerned a decision notice. to publish a statement under section 205(1) (whether or not in the terms proposed), . . . to impose a penalty under section 206(1) (whether or not of the amount proposed), or to suspend a permission or impose a restriction under section 206A (whether or not in the manner proposed), If the FCA decides— it must without delay give the person a decision 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, In the case of a statement, the decision notice must set out the terms of the statement. In the case of a penalty, the decision notice must state the amount of the penalty. In the case of a suspension , prohibition or restriction, the decision notice must state the period for which the suspension , prohibition or restriction is to have effect. If a regulator decides to— the authorised person may refer the matter to the Tribunal. publish a statement in respect of an authorised person under section 205(1), . . . impose a penalty on an authorised person under section 206(1), or 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 decides to— the person may refer the matter to the Tribunal. publish a statement in respect of a person under section 205(2), impose a penalty on a person under section 206(1A), or impose a prohibition or restriction on a person under section 206B,

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