# The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, Regulation 11: Financial penalties


(1) If the FCA considers that a Miscellaneous BM person has contravened a relevant requirement, it may impose a penalty of such amount as it considers appropriate on—
(a) the Miscellaneous BM person;
(b) a member of the management body of the Miscellaneous BM person if the FCA considers the member is responsible for the contravention;
(c) another member of the senior management of the Miscellaneous BM person if the FCA considers the member is responsible for the contravention.
(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/uksi/2018/135/regulation/11 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.