Section 71H(5)

A notice given under subsection (2) must— give details of the requirement, identify each of the directors or senior executives to whom the requirement relates, give the regulator’s reasons for imposing the requirement— in the case of a notice given to the relevant firm , the financial holding company, the mixed financial holding company or the parent undertaking, in relation to each interested party; in the case of a notice given to an interested party, in relation to that interested party, inform the relevant firm , the financial holding company, the mixed financial holding company or the parent undertaking and the interested parties that each of them may make representations to the regulator within such period as may be specified in the notice (whether or not the matter has been referred to the Tribunal), state when the requirement takes effect, and inform the relevant firm , the financial holding company, the mixed financial holding company or the parent undertaking and each of the interested parties of their right to refer the matter to the Tribunal.

← 4 · All articles · 6 →

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