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PRA publicity of investigations and Warning, Supervisory, Decision and Final Notices under FSMA 2000 (UK): policy, decision-making, representations and review

Practice notes
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This Practice Note outlines the statutory framework in the Financial Services and Markets Act 2000 (FSMA 2000) that governs the Prudential Regulation Authority (PRA)’s disclosure that a PRA investigation is underway, and the release of decisions on statutory notices linked to supervisory steps or enforcement against a firm or an individual, such as:

  • Supervisory Notices
  • Warning Notices
  • Decision Notices
  • Final Notices
  • Notices of Discontinuance

It also explains the PRA’s approach to publicity under its statement of policy on enforcement powers, its policy on the allocation of decision‑making, and its stance on supervisory decisions.

Overview

Under FSMA 2000, the PRA (and the FCA) hold a broad range of investigative, supervisory, disciplinary and enforcement powers over firms and individuals that have breached regulatory rules, principles or statutory obligations. Those powers are described in Practice Note: PRA supervisory intervention and enforcement powers. When the PRA plans to exercise any of these powers, it must give written notice to the person to whom the action is directed. The statutory notice procedure is described in Practice Note: PRA supervisory intervention and enforcement process...

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Web page updated on 10/06/2026

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