# Compensation Act 2006, Paragraph 8

Extent: E+W

(1) Regulations shall require the Regulator to prescribe rules for the professional conduct of authorised persons.
(2) Regulations under sub-paragraph (1) shall include provision—
(a) about the manner in which rules are to be prepared and published (which may, in particular, include provision requiring—
(i) consultation;
(ii) the submission of a draft to the Secretary of State for approval);
(b) about the consequences of failure to comply with the rules (which may, in particular, include—
(i) provision for rules to be treated as conditions of authorisations;
(ia) provision enabling the Regulator to require an authorised person to pay a penalty;
(ii) provision enabling the Regulator to impose conditions on, suspend or cancel authorisations).

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Source: https://www.legislation.gov.uk/ukpga/2006/29/schedule/paragraph/8 (the official version)
Page: https://openlegislation.uk/compensation-act-2006/schedule/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.