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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
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333J. Failure by designated guidance providers to comply with standards: FCA recommendations

Omitted from 1 January 2019

(1) If the FCA considers that a designated guidance provider has failed to comply with a standard set under section 333H the FCA may -

(a) recommend steps that the designated guidance provider might take to prevent the continuance or recurrence of the failure or to make redress to those affected by the failure, and

(b) having made such a recommendation, recommend that the Secretary of State give a direction under section 333M.

(2) The FCA must publish a recommendation made under subsection (1)(b) unless the FCA considers that to do so -

(a) would be against the public interest, or

(b) would be inappropriate for some other reason.

(3) If the condition in subsection (2)(a) or (b) is satisfied in relation to a recommendation but would not be satisfied if the FCA published part only of the recommendation, the FCA may publish that part.

(4) If the power conferred by section 333E(3) to revoke a designation is exercised before the power in subsection (1) the reference in subsection (1) t

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