If the appropriate regulator proposes to impose a sanction—
on a recognised body or data reporting service provider under section 312E or 312F, or
on a person under section 312FA,
it must give the body , provider or person (as the case may be) a warning notice.
A warning notice about a proposal to publish a statement must set out the terms of the statement.
A warning notice about a proposal to impose a penalty must state the amount of the penalty.
A warning notice about a proposal to impose a prohibition must specify the extent of the prohibition.
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