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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
Version 2 of 2

Regulation 37 Requirement to issue decision notice

(1) If, having considered any representations made in response to the warning notice, the FCA decides 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 without delay give the person concerned a decision notice.

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

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

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

(d) in the case of the exercise of the power in regulation 29(2) -

(i) the amount to be paid or distributed;