(1) If, having considered any representations made in response to the warning notice, the FCA decides to -

(a) publish a statement under regulation 67 (whether or not in the terms proposed); or

(b) impose a penalty under regulation 68 (whether or not of the amount proposed);

it must without delay give the trade repository concerned a decision notice.

(2) In case of a statement, the decision notice must set out the terms of the statement.

(3) In the case of a penalty, the decision notice must state the amount of the penalty.

(4) If the FCA decides 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;

the trade repository may refer the matter to the Tribunal.