# The Securitisation Regulations 2024, Regulation 41: Public censure

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

(1) If the FCA considers that—
(a) a regulated person has contravened a relevant requirement,
(b) a member of the management body of a regulated person, other than a securitisation repository, was knowingly concerned in the contravention by the regulated person of a relevant requirement,
(c) another member of the senior management of a regulated person, other than a securitisation repository, was knowingly concerned in the contravention by the regulated person of a relevant requirement, or
(d) a regulated person has failed to comply with regulation 38 as an originator, sponsor or SSPE, in a case where the temporary prohibition was imposed by the FCA,
the FCA may publish a statement to that effect.
(2) If a regulator considers that an individual on whom a temporary prohibition has been imposed under regulation 37 by that regulator has breached the prohibition, the regulator may publish a statement to that effect.
(3) If the PRA considers that a regulated person has failed to comply with regulation 38 as an originator, sponsor or SSPE, in a case where the temporary prohibition was imposed by the PRA, the PRA may publish a statement to that effect.

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Source: https://www.legislation.gov.uk/uksi/2024/102/regulation/41 (the official version)
Page: https://openlegislation.uk/securitisation-regulations-2024/regulation-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.