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Regulation 26 Financial penalties

Original text. Later amendments are not shown.

(1)

The FCA may impose a penalty of such amount as it considers appropriate on—

(a)

a designated firm which it considers has contravened a relevant requirement; or

(b)

a person who it considers has contravened regulation 31 (misleading the FCA).

(2)

A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.