{
  "url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-16",
  "json_url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-16.json",
  "legislation": "uksi/2019/926",
  "legislation_title": "The Proxy Advisors (Shareholders' Rights) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Statement of policy on imposition of penalties",
  "text": "(1) The FCA may prepare and issue a statement of policy with respect to the imposition and amount of penalties under regulation 12.\n(2) A statement of policy must require the FCA, in determining whether to impose a penalty under regulation 12 and the amount of a penalty under that regulation, to have regard to the matters referred to in regulation 15.\n(3) The FCA may, at any time, alter or replace a statement of policy issued under this regulation.\n(4) Where a statement of policy is altered or replaced, the FCA must issue the altered statement or the statement by which it is replaced.\n(5) The FCA must, without delay, give the Treasury a copy of each statement of policy issued under this regulation and publish that statement, as the statement currently in force, in a manner which appears to the FCA to be best calculated to bring it to the attention of the public.\n(6) The FCA may charge a reasonable fee for providing a person with a copy of any statement of policy issued under this regulation.\n(7) If the FCA issues a statement of policy under this regulation, paragraph (8) applies in relation to the FCA's exercise, or decision whether to exercise, its power to impose a penalty for the contravention of a relevant requirement, and its determination of the amount of a penalty to be imposed for the contravention.\n(8) The FCA must have regard to the statement of policy which was in force at the time of the contravention.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 16 in force at 10.6.2019, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/926/regulation/16",
    "retrieved_at": "2026-10-28T22:40:38.633146+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."
}