If the FCA proposes to take action against a person under section 131G, it must give the person 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 to publish a statement must set out the terms of the statement.
If the FCA decides to take action against a person under section 131G, it must give the person a decision notice.
A decision notice about the imposition of a penalty must state the amount of the penalty.
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 person under section 131G, the person may refer the matter to the Tribunal.