Paragraph 9 EnforcementI1 I2

United Kingdom

(1)

How requirements imposed by or under the FMI sandbox arrangements are to be enforced.

(2)

Provision under sub-paragraph (1) may be made by—

(a)

conferring powers on the appropriate regulator;

(b)

applying provisions of FSMA 2000 in relation to enforcement;

(c)

imposing other means of enforcement set out in the arrangements.

(3)

The powers mentioned in sub-paragraph (2)(a) include powers to—

(a)

suspend or terminate a person’s participation in the FMI sandbox arrangements;

(b)

impose civil penalties.

Annotations