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Regulation 6 Penalties

Original text. Later amendments are not shown.

Paragraphs 19 to 22 (penalties) of Schedule 1ZA to the 2000 Actf1 apply with respect to the discharge of the FCA’s functions under these Regulations with the following modifications—

(a)

the reference to the 2000 Act in each of paragraphs 19, 20(2), 20(3)(b), 20(5)(a), 20(8)(a), 21(1) includes a reference to these Regulations, and

(b)

the FCA’s enforcement powers referred to in paragraph 20(4) include—

(i)

its powers under regulations 15 to 19 (public censure, statement of misconduct etc), and

(ii)

its powers with respect to the investigation or prosecution of offences under regulation 20 (misleading the FCA).

Annotations

Footnotes

f1

Schedule 1ZA was inserted by Schedule 3 to the Financial Services Act 2012 and is amended by section 109 of, paragraph 7 of Schedule 8 to and paragraph 4 of Schedule 10 to the Financial Services (Banking Reform) Act 2013 and S.I. 2013/1773. Other amendments are not relevant here.