DEC App 1.13 1Position of third parties on settlement

DEC 2.4.7 G to DEC 2.4.12 G set out the FSA's approach to giving third parties copies of statutory notices pursuant to section 393 of the Act.

The decision to give a warning notice or a decision notice to a third party is a statutory notice associated decision.

In cases therefore where the decision to give a warning notice or decision notice is taken by settlement decision makers, those decision makers will decide whether a copy of the notice should be given to a third party in accordance with section 393 of the Act. Any representations made by the third party in response to a warning notice will be considered by the settlement decision makers.