(1) Where the FCA proposes to -

(a) publish a statement under regulation 25 (public censure),

(b) impose a penalty under regulation 26 (financial penalties),

(c) impose a limitation on a permission under regulation 27 (limitations on permission to carry on regulated activities), or

(d) exercise the power in regulation 29(2) (power of FCA to require restitution),

it must give the person concerned a warning notice.

(2) The warning notice must set out the following -

(a) in the case of a statement under regulation 25, the terms of the proposed statement;

(b) in the case of a penalty under regulation 26, the amount of the proposed penalty;

(c) in the case of a limitation on a permission under regulation 27, the limitation and the period for which it is to have effect;