# Financial Services and Markets Act 2000, Section 206: Financial penalties.

Extent: E+W+S+N.I.

(1) If the appropriate regulator considers that an authorised person has contravened a relevant requirement imposed on the person, it may impose on him a penalty, in respect of the contravention, of such amount as it considers appropriate.
(1A) If the FCA considers that a person other than an authorised person has contravened a relevant Part 5A requirement imposed on the person, it may impose on the person a penalty, in respect of the contravention, of such amount as it considers appropriate.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) A penalty under this section is payable to the regulator that imposed the penalty.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/206 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-206
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.