7.4.1

Where, on our own initiative, we propose to:

(a) impose a public censure or financial penalty;
(b) cancel the Financial Services Permission of an Authorised Person firm;
(c) revoke the recognition of a Recognised Body; or
(d) withdraw the approval of an Approved Person,

the procedures must be exercised according to what is set out in Part 21 of the FSMR.