PART 5Regulation of payment systems
Enforcement and appeals
I174Warning notices
1
Before imposing a sanction on any person the Payment Systems Regulator must—
a
give the person a notice in writing (a “warning notice”),
b
give the person at least 21 days to make representations,
c
consider any representations made, and
d
as soon as is reasonably practicable, give the person a notice in writing stating whether or not it intends to impose the sanction.
2
In subsection (1) any reference to imposing a sanction is a reference to—
a
publishing details under section 72(1), or
b
requiring the payment of a penalty under section 73.