Schedule 1, Part 3, paragraph 13

If, having considered any representations made in response to the warning notice, a regulator decides to— publish a statement under paragraph 10 (whether or not in the terms proposed); or impose a penalty under paragraph 11 (whether or not of the amount proposed), it must without delay give the person concerned a decision notice. In the case of a statement, the decision notice must set out the terms of the statement. In the case of a penalty, the decision notice must state the amount of the penalty. If a regulator decides to— the person may refer the matter to the Tribunal. publish a statement in respect of a person under paragraph 10; or impose a penalty on a person under paragraph 11, After a statement under paragraph 10 is published, the regulator concerned must send a copy of it to the person concerned and to any person to whom a copy of the decision notice was given under section 393(4) of the Act (third party rights) (as applied by paragraph 22).

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