The FCA may take action against a provider under this section if it considers that it is desirable to do so in order to advance one or more of its operational objectives.
If the FCA is entitled to take action under this section against a provider, it may—
suspend, for such period as it considers appropriate, the provider's approval, or
impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the giving by the provider of information as it considers appropriate.
A suspension may relate only to the giving of information in specified circumstances.
A restriction may, in particular, be imposed so as to require the provider to take, or refrain from taking, specified action.
The FCA may—
withdraw a suspension or restriction, or
vary a suspension or restriction so as to reduce the period for which it has effect or otherwise to limit its effect.
A person against whom the FCA takes action under this section may refer the matter to the Tribunal.