(1) This section applies where the FCA considers that -
(a) rules made under section 278 have been contravened,
(b) the operator of a scheme recognised under section 272 has contravened section 277, 277A or 282A, or
(c) the operator of a scheme recognised under section 272 has contravened a rule made, or a requirement imposed, under section 283.
(2) The FCA may publish a statement to that effect.
(3) Where the FCA proposes to publish a statement under subsection (2) in relation to a scheme or the operator of a scheme, it must give the operator a warning notice setting out the terms of the statement.
(4) If the FCA decides to publish the statement -
(a) it must give the operator, without delay, a decision notice setting out the terms of the statement, and
(b) the operator may refer the matter to the Tribunal.
(5) After a statement under subsection (2) is published, the FCA must send a copy of it to the operator and to any person to whom a copy of the decision notice was given under sect
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