(1) If the FCA proposes to take action against a person under regulation 39 or 40, it must give the person a warning notice.
(2) A warning notice about a proposal to publish a statement must set out the terms of the proposed statement.
(3) A warning notice about a proposal to impose a penalty must state the amount of the proposed penalty.
(4) If the FCA decides to take action against a person under regulation 39 or 40, it must give the person a decision notice.
(5) A decision notice about the publication of a statement must set out the terms of the statement.
(6) A decision notice about the imposition of a penalty must state the amount of the penalty.
(7) If the FCA decides to take action against a person under regulation 39 or 40, the person may refer the matter to the Tribunal.