395 The [FCA's and PRA's] procedures
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

The [FCA's and PRA's] procedures

395  The [FCA's and PRA's] procedures

[(1)     Each regulator must determine the procedure that it proposes to follow in relation to the following—

(a)     a decision which gives rise to an obligation to give a supervisory notice,

(b)     in the case of the FCA, a decision which—

(i)     gives rise to an obligation for it to give a warning notice or decision notice, or

(ii)     gives rise to an obligation for the PRA to include a statement under section 387(1A) in a warning notice or a statement under section 388(1A) in a decision notice,

(c)     in the case of the PRA, a decision which gives rise to an obligation for it to give a warning notice or decision notice, other than a decision which depends entirely on a decision of the FCA of the kind mentioned in paragraph (b)(ii), and

(d)     a decision under section 391(1)(c) to publish information about the matter to which a warning notice relates.]

(2)     That procedure must be designed to secure, among other things [that—

(a)     a decision falling within any of paragraphs (a) to (c) of subsection (1) is taken—

(i)     by a person not directly involved

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