(1) Before imposing a sanction on any person the Payment Systems Regulator must -
(a) give the person a notice in writing (a "warning notice"),
(b) give the person at least 21 days to make representations,
(c) consider any representations made, and
(d) as soon as is reasonably practicable, give the person a notice in writing stating whether or not it intends to impose the sanction.
(2) In subsection (1) any reference to imposing a sanction is a reference to -
(a) publishing details under section 72(1), or
(b) requiring the payment of a penalty under section 73.