CITEX officer operational process: warning letter: action to take once you have arrived at a decision
THIS GUIDANCE IS FOR CITEX OFFICERS ONLY
Once you have considered whether a warning letter is appropriate, following the guidance at CCPG26200 to CCPG26290, and arrived at a decision, your next action is set out in the table below.
|Compliance officer (CO) decision||Authorising officer (Manager)|
|CPWL not appropriate|
|This may be because there is a reasonable excuse or education is more appropriate or they are recommending changes/revocation of authorisation, or letter of written instruction is more appropriate||CO seeks senior manager’s authorisation of their decision. If manager agrees that CPWL not appropriate they will discuss alternative action with CO. If manager thinks CPWL should be sent CO will take action below.|
|CPWL is appropriate||If trader has a CRM the CO must obtain permission from them to issue a CPWL.|
CO drafts CPWL and seeks senior manager’s authorisation of their decision.
|Once authorised issue the CPWL and copy to the CCP Network, and the CRM if appropriate.|
This information is also available as a flowchart at CCPG30120.