387 Warning notices
387 Warning notices

Part XXVI Notices

Warning notices

387  Warning notices

(1)     A warning notice must—

(a)     state the action which the [regulator giving the notice (“the regulator concerned”)] proposes to take;

(b)     be in writing;

(c)     give reasons for the proposed action;

(d)     state whether section 394 applies; and

(e)     if that section applies, describe its effect and state whether any secondary material exists to which the person concerned must be allowed access under it.

[(1A)     Where the PRA is the regulator concerned and the FCA proposes to refuse consent for the purposes of section 55F, 55I or 59 or to give conditional consent as mentioned

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