# The Small and Medium Sized Business (Finance Platforms) Regulations 2015, Regulation 16: Monitoring and enforcement


(1) The FCA must maintain arrangements designed to enable it to determine whether—
(a) designated banks and designated finance platforms are complying with any relevant requirements applicable to them;
(b) there has been a contravention of regulation 31 (misleading the FCA).
(2) The FCA must also maintain arrangements designed to enable it to enforce relevant requirements.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111138939/regulation/16 (the official version)
Page: https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.