Section 282B

This section applies where the FCA considers that— rules made under section 278 have been contravened, the operator of a scheme recognised under section 272 has contravened section 277, 277A or 282A, or the operator of a scheme recognised under section 272 has contravened a rule made, or a requirement imposed, under section 283. The FCA may publish a statement to that effect. Where the FCA proposes to publish a statement under subsection (2) in relation to a scheme or the operator of a scheme, it must give the operator a warning notice setting out the terms of the statement. If the FCA decides to publish the statement— it must give the operator, without delay, a decision notice setting out the terms of the statement, and the operator may refer the matter to the Tribunal. After a statement under subsection (2) is published, the FCA must send a copy of it to the operator and to any person to whom a copy of the decision notice was given under section 393(4).

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