# The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, Regulation 68: Financial penalties


(1) If the FCA considers that a trade repository has contravened a requirement imposed by or under this Part, the EMIR regulation or the TRATP Regulations, it may impose a penalty of such amount as it considers appropriate on the trade repository.
(2) A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111176214/regulation/68 (the official version)
Page: https://openlegislation.uk/draft-over-the-counter-derivatives-central-counterparties-and-trade-repositories-amendment-etc-and-transitional-provision-eu-exit-regulations-2018/regulation-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.