Paragraph 12 I1

(1)

Section 206 (financial penalties) is amended as follows.

(2)

In subsection (1)—

(a)

for “Authority” substitute “ appropriate regulator ”, and

(b)

for the words from “a requirement” to “auctioning regulation” substitute “ a relevant requirement imposed on the person, ”.

(3)

In subsection (3), for “Authority” substitute “ regulator that imposed the penalty ”.

Annotations