Regulation 12 Decision notice
(1) If, having considered any representations made in response to a warning notice, the FCA decides to -
(a) impose a penalty under regulation 7 (whether or not of the amount proposed), or
(b) publish a statement under regulation 10 (whether or not in the terms proposed),
it must without delay give the person concerned a decision notice.
(2) In the case of a penalty, the decision notice must state the amount of the penalty.
(3) In the case of a statement, the decision notice must set out the terms of the statement.