Regulation 4 Monitoring and enforcementI1

United Kingdom

(1)

The FCA must maintain arrangements designed to enable it to determine—

(a)

whether current account authorised persons are complying with any relevant requirements applicable to them, and

(b)

whether there has been a contravention of regulation 20 (misleading the FCA).

(2)

The FCA must also maintain arrangements designed to enable it to enforce relevant requirements.

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