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The Disciplinary Procedure
The disciplinary procedure for authorised persons and permitted firms is detailed and involves the Regulatory Decisions Committee ("RDC"). Usually, you will be issued with a warning notice, and you will have a number of opportunities to make representations and obtain material from the FSA.
In relation to regulatory breaches, the FSA has the power to impose fines, to withdraw or vary permission or authorisation to firms and individuals.
Of course, any action taken by the RDC can be appealed to the Financial Services and Markets Tribunal, and thereafter to the Court of Appeal, and these are all matters that we can advise you on.
