(1) If the FCA proposes to -

(a) publish a statement in respect of a trade repository under regulation 67; or

(b) impose a penalty on a trade repository under regulation 68,

it must give the trade repository a warning notice.

(2) A warning notice about a proposal to publish a statement must set out the terms of the statement.

(3) A warning notice about a proposal to impose a penalty must state the amount of the penalty.