# The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012, Paragraph 3: Disciplinary measures


Sections 210 (statements of policy) and 211 (statements of policy: procedure) apply in respect of the imposition and amount of penalties under regulation 6 as they apply in respect of the imposition and amount of penalties under section 206 (financial penalties) of the 2000 Act with the following modifications to section 210—
(a) a reference to a regulator is to the FCA; and
(b) after subsection (8) insert—
“(9) Until such time a statement of policy has been issued in respect of the imposition and amount of penalties under regulation 6 of the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012, any statement issued under this section as applied by paragraph 3 of the Schedule to the Cross-Border Payments in Euro Regulations 2010 shall also apply for the purposes of this section.”.

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Source: https://www.legislation.gov.uk/uksi/2012/3122/schedule/paragraph/3 (the official version)
Page: https://openlegislation.uk/payments-in-euro-credit-transfers-and-direct-debits-regulations-2012/schedule/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.