# The Proxy Advisors (Shareholders' Rights) Regulations 2019, Regulation 12: Financial penalties

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

(1) Where the FCA considers that a proxy advisor has contravened a relevant requirement, the FCA may impose a penalty of such amount as it considers appropriate on the proxy advisor.
(2) A penalty imposed under this regulation is payable to the FCA and may be recovered as a debt owed to the FCA.

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Source: https://www.legislation.gov.uk/uksi/2019/926/regulation/12 (the official version)
Page: https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.