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Section 387(1)

FSMA 2000

A warning notice must— state the action which the regulator giving the notice (“the regulator concerned”) proposes to take; be in writing; give reasons for the proposed action; state whether section 394 applies; and if that section applies, describe its effect and state whether any secondary material exists to which the person concerned must be allowed access under it.

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