{
  "url": "https://openlegislation.uk/draft-credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-7",
  "json_url": "https://openlegislation.uk/draft-credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-7.json",
  "legislation": "ukdsi/2019/9780111176696",
  "legislation_title": "The Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-credit-rating-agencies-amendment-etc-eu-exit-regulations-2019",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Financial penalties",
  "text": "(1) If the FCA considers that a credit rating agency has contravened a requirement imposed by or under these Regulations, or by or under the CRA Regulation, it may impose a penalty on the credit rating agency of such amount as it considers appropriate.\n(2) A penalty imposed under this regulation—\n(a) is payable to the FCA, and\n(b) may be recovered as a debt due to the FCA.\n(3) In imposing, or deciding whether to impose, a penalty under this regulation, the FCA must have regard to a statement of policy published under regulation 8 and in force at the time when the contravention occurred.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111176696/regulation/7",
    "retrieved_at": "2026-10-30T15:02:42.299701+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."
}