Financial Services and Markets Bill - continued        House of Commons
PART XIII, DISCIPLINARY MEASURES - continued

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Notice for payment.     180. - (1) If the Authority imposes a penalty on an authorised person under section 177 it must give him a notice under this section ("a notice for payment").
 
      (2) A notice for payment must-
 
 
    (a) be in writing; and
 
    (b) require the authorised person to pay the penalty before the end of such period as may be specified in the notice.
      (3) The specified period may not be less than 14 days beginning with the date on which the notice is given.
 
      (4) If all or any of the amount payable under a notice for payment is outstanding at the end of the specified period, the Authority may recover the outstanding amount as a debt due to it.
 
Publication.     181. - (1) After a statement under section 176 is published, the Authority must send a copy of it to the authorised person and to any person on whom a copy of the decision notice was given under section 339(2).
 
      (2) Subsection (3) applies if, having considered imposing a financial penalty on an authorised person under section 177, the Authority decides not to impose it.
 
      (3) If the authorised person consents to the decision being made public, the Authority may publish information of a prescribed kind, in the prescribed way, about it.
 
Statements of policy.     182. - (1) The Authority must prepare and publish a statement of its policy with respect to-
 
 
    (a) the imposition of penalties under this Part; and
 
    (b) the amount of penalties under this Part.
      (2) The Authority may at any time alter or replace any material published under this section.
 
      (3) If any such material is altered or replaced, the Authority must publish it as altered.
 
      (4) If the Authority publishes material under this section it must, without delay, give a copy to the Treasury.
 
      (5) Material must be published under this section in such a way as the Authority considers most suitable for bringing it to the attention of authorised persons.
 
      (6) If the Authority is-
 
 
    (a) preparing material for publication under this section, or
 
    (b) considering altering material which it has published under this section,
  it must consult such persons as it considers appropriate.
 
      (7) When setting the amount of a penalty, the Authority must have regard to any material published under this section which is currently in force.
 
 
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