{
  "url": "https://openlegislation.uk/banking-act-2009/section-206V",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-206V.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/206V",
  "kind": "section",
  "number": "206V",
  "heading": "Management disqualification",
  "text": "(1) The Bank of England may by order prohibit a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised person—\n(a) for a specified period,\n(b) until further notice, or\n(c) permanently.\n(2) A person who breaches a prohibition under subsection (1) commits an offence.\n(3) A person who commits an offence under this section is liable—\n(a) on summary conviction in England and Wales, to a fine;\n(b) on summary conviction in Scotland, to a fine not exceeding the statutory maximum;\n(c) on summary conviction in Northern Ireland, to a fine not exceeding the statutory maximum;\n(d) on conviction on indictment, to a fine.\n(4) In this section, “specified” means specified in the order.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 5A inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/206V",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}