(1) Where the Authority proposes -
(a) to publish a statement under regulation 50;
(b) to impose a penalty under regulation 51; or
(c) to suspend an institution's authorisation or registration or impose a restriction under regulation 52,
it must give the person concerned a warning notice.
(2) The warning notice must set out the terms of the statement, the amount of the penalty or the period for which the suspension or restriction is to have effect, as the case may be.
(3) If, having considered any representations made in response to the warning notice, the Authority decides to take any of the steps mentioned in paragraph (1), it must without delay give the person concerned a decision notice.
(4) The decision notice must set out the terms of any statement, the amount of any penalty or the period for which any suspension or restriction is to have effect, as the case may be.
(5) If the Authority decides to take any of the steps mentioned in paragraph (1) the person concerned may refer the
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