Section 142T: Procedure and right to refer to Tribunal

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9B: Ring-fencing

If a regulator proposes to take action against a person under section 142S, 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 regulator decides to take action against a person under section 142S, 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 regulator decides to take action against a person under section 142S, the person may refer the matter to the Tribunal.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.