{
  "url": "https://openlegislation.uk/immigration-act-2014-bank-accounts-regulations-2014/regulation-17",
  "json_url": "https://openlegislation.uk/immigration-act-2014-bank-accounts-regulations-2014/regulation-17.json",
  "legislation": "uksi/2014/3085",
  "legislation_title": "The Immigration Act 2014 (Bank Accounts) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/immigration-act-2014-bank-accounts-regulations-2014",
  "path": "regulation/17",
  "kind": "regulation",
  "number": "17",
  "heading": "Financial penalties",
  "text": "(1) If the FCA considers that a current account authorised person (“P”) has contravened a relevant requirement, it may impose on P a penalty of such amount as it considers appropriate.\n(2) If the FCA considers that an approved person (“A”) has been knowingly concerned in a contravention by a current account authorised person of a relevant requirement, it may impose on A a penalty of such amount as it considers appropriate.\n(3) A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 17 in force at 12.12.2014, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3085/regulation/17",
    "retrieved_at": "2026-10-28T23:55:53.547914+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}