Where a UK recognised body's complaints investigator has investigated a complaint arising in connection with the performance of, or failure to perform, any of its regulatory functions, and that complaints investigator has made a recommendation in respect of that complaint that the UK recognised body should:
- (1)
make a compensatory payment to any person; or
- (2)
remedy the matter which was the subject of that complaint;
the UK recognised body must immediately notify the FCA of that event, and give the FCA a copy of the complaints investigator's report and particulars of his recommendations as soon as that report or those recommendations are available to it.