Regulation 10 Public censure
If the FCA considers that—
a Miscellaneous BM person has contravened a relevant requirement;
a member of the management body M1 of a Miscellaneous BM person is responsible for the contravention by the Miscellaneous BM person of a relevant requirement; or
another member of the senior management M2 of a Miscellaneous BM person is responsible for the contravention by the Miscellaneous BM person of a relevant requirement;
the FCA may publish a statement to that effect.
Annotations
Marginal citations
- M1
“management body” is defined in point (20) of paragraph 1 of Article 3 of the EU Benchmarks Regulation 2016 (OJ No. L171 29.06.2016, p.1.).
- M2
“senior management” is defined in Article 4.1.37 of the Markets in Financial Instruments Directive (OJ No. L173 12.06.2014, p.349; the Directive was amended by Regulation (EU) No. 909/2014 of the European Parliament and of the Council of 23 July 2014 (OJ No. L257, 28.08.2014 p.1) and Directive (EU) 2016 of the European Parliament and of the Council of 23 June 2016 (OJ No. L 175 30.06.2016 p.8)).
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 68) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxi)