(1) If any of the reasons contained in a warning notice to which this section applies relates to a matter which—
(a) identifies a person (“the third party”) other than the person to whom the notice is given, and
(b) in the opinion of the [regulator giving the notice], is prejudicial to the third party,
a copy of the notice must be given to the third party.
(2) Subsection (1) does not require a copy to be given to the third party if the [regulator giving the notice]—
(a) has given him a separate warning notice in relation to the same matter; or
(b) gives him such a notice at the same time as it gives the warning notice which identifies him.
(3) The notice copied to a third party under subsection (1) must specify a reasonable period (which may not be less than [14 days]) within which he may make representati
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