Section 309V: Procedure for imposing penalties

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

Part XVIII: Recognised investment exchanges, clearing houses , CSDs and other parties — CHAPTER 2A: Performance of functions of recognised bodies

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