Schedule 10, Part 1, Chapter 2A, paragraph 309V

If the appropriate regulator proposes to impose a penalty on a person under section 309U, it must give the person a warning notice. A warning notice under this section must state the amount of the penalty. If the appropriate regulator decides to impose a penalty on a person under section 309U, it must give the person a decision notice. A decision notice under this section must state the amount of the penalty. If the appropriate regulator decides to impose a penalty on a person under section 309U, the person may refer the matter to the Tribunal.

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