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Schedule 10, Part 1, paragraph 1(5)

FSMA 2023

The appropriate regulator may not take action under this section after the end of the period of 6 years beginning with the first day on which the appropriate regulator knew of the misconduct unless, before the end of that period, it gave a warning notice to the person concerned under section 309Z4.

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