Regulation 45 Referral to Tribunal
If the FCA decides to -
(a) publish a statement under regulation 28 (public censure);
(b) impose a penalty under regulation 29 (financial penalties);
(c) impose a limitation on a permission under regulation 30 (limitations on permission to carry on regulated activities); or
(d) exercise the power in regulation 32(2),
the person concerned may refer the matter to the Upper Tribunal.