Section 88B

If the FCA proposes to take action against a sponsor under section 88A, it must give the sponsor a warning notice. A warning notice about a proposal to impose a penalty must state the amount of the penalty. A warning notice about a proposal— must state the period for which the suspension or restriction is to have effect. to suspend an approval, or to impose a restriction in relation to the performance of a service, A warning notice about a proposal to publish a statement must set out the terms of the statement. If the FCA decides to take action against a sponsor under section 88A, it must give the sponsor a decision notice. A decision notice about the imposition of a penalty must state the amount of the penalty. A decision notice about— must state the period for which the suspension or restriction is to have effect. the suspension of an approval, or the imposition of a restriction in relation to the performance of a service, A decision notice about the publication of a statement must set out the terms of the statement. If the FCA decides to take action against a sponsor under section 88A, the sponsor may refer the matter to the Tribunal.

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