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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 March 2016 - onwards
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388. Decision notices

(1) A decision notice must -

(a) be in writing;

(b) give the reasons of the regulator giving the notice ("the regulator concerned") for the decision to take the action to which the notice relates;

(c) state whether section 394 applies;

(d) if that section applies, describe its effect and state whether any secondary material exists to which the person concerned must be allowed access under it; and

(e) give an indication of -

(i) any right to have the matter referred to the Tribunal which is given by this Act; and

(ii) the procedure on such a reference.

(1A) Where the PRA is the regulator concerned and the FCA has decided to refuse consent for the purposes of section 55F, 55I or 59 or to give conditional consent as mentioned in section 55F(5), 55I(8) or 61(2D), the decision notice given by the PRA must -

(a) state that fact, and

(b) give the reasons for the FCA's decision.

(2) If the decision notice was preceded by a warning notice, the action to which the decision notice relates must b

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