# The Small and Medium Sized Business (Finance Platforms) Regulations 2015, Regulation 26: Financial penalties


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111138939/regulation/26 (the official version)
Page: https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.