Section 64C

If— the ... authorised person must notify that regulator of that fact. an authorised person takes disciplinary action in relation to a relevant person, and the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section, “Disciplinary action”, in relation to a person, means any of the following— the issuing of a formal written warning; the suspension or dismissal of the person; the reduction or recovery of any of the person's remuneration. “The appropriate regulator” means— in relation to ... PRA-authorised persons, the FCA or the PRA; in relation to any other ... authorised persons, the FCA. “Relevant person” has the same meaning as in section 64B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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